CRGE Fitness Center Leases Retail Space At 176 Woodward Avenue In Ridgewood For $35/ft
176 Woodward Avenue
$35
$35/SF
Building Size
3,320 SF
Asset Type
Retail
Closing
Feb 28, 2025
AI
The property asset involved in this transaction is a retail lease located at 176 Woodward Avenue in the Ridgewood market. The asking rent for this space is $35 per square foot, totaling 3,320 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $35/ft
- Lease Type: Retail Lease
- Landlord: Nieuw Amsterdam Property Management
- Tenant: CRGE - Fitness Center
- DATE: 3/1/2025
- Brokers: Tyler Zar, Adam Lavian, Tanner Zar - Titan Group New York & Matthew Jacoby - Vector New York
Titan Group New York represented both the landlord and the tenant in this transaction, showcasing their expertise in commercial and residential leasing. For landlords looking to lease vacant units, they offer guidance through the leasing process.
Players
Ridgewood Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93