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1631-1633 Dutch Broadway

Sanjha Punjab Supermarket Leases 15,039 Square Feet Retail Space At 1631-1633 Dutch Broadway
LEASEDRetail

Sanjha Punjab Supermarket Leases 15,039 Square Feet Retail Space At 1631-1633 Dutch Broadway

1631-1633 Dutch Broadway

Building Size

15,039 SF

Asset Type

Retail

Closing

Jan 1, 2023

AI

The asset involved in this transaction is a retail property located at 1631-1633 Dutch Broadway in Elmont. The property encompasses a total area of 15,039 square feet and is part of the retail market.

Summary of transaction details:

The deal features Sanjha Punjab Supermarket as the tenant leasing space from Levites Realty Company, with Thomas Caliendo from Tide Realty Group representing the landlord in this transaction.

Players

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

45 deals

Broker
LC
Levites Realty CompanyLandlord
SS
Sanjha Punjab SupermarketTenant

Elmont Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93