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176 Woodward Avenue

Standard Care PT Leases Retail Space At 176 Woodward Ave. In Ridgewood, Queens
LEASEDRetail

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

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.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker
Camber Property Group
Camber Property GroupLandlord

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93