Standard Care PT Leases Retail Space At 176 Woodward Ave. In Ridgewood, Queens
176 Woodward Avenue
$30
$30/SF
Building Size
2,820 SF
Asset Type
Retail
Closing
Aug 16, 2022
About this deal
AI
The retail property at 176 Woodward Ave. in Ridgewood, Queens has been leased. The tenant, Standard Care PT, will occupy the space. The property is owned by Camber Property Group. The leasing deal was facilitated by brokers John Le Vine, Joseph DiPiazza, and Stephen Forino from EXR. The asking rent for the 2,820 square feet space was $30 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 176 Woodward Ave., Ridgewood, Queens
- Tenant: Standard Care PT
- Landlord: Camber Property Group
- Brokers: John Le Vine, Joseph DiPiazza, and Stephen Forino from EXR
- Asking Rent: $30 per square foot
- Square Footage: 2,820
Standard Care PT has secured a lease for the retail space at 176 Woodward Ave. in Ridgewood, Queens. Camber Property Group, the landlord, facilitated the deal. The leasing process was overseen by brokers John Le Vine, Joseph DiPiazza, and Stephen Forino from EXR. With an asking rent of $30 per square foot, the 2,820 square feet space will now be occupied by Standard Care PT.
On the Map
$30
$30/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93