Allie Beyda Of BH Brokerage Group Brokers Retail Lease On Staten Island
1781 South Avenue
$25
$25/SF
Building Size
7,650 SF
Asset Type
Retail
Closing
May 8, 2024
About this deal
AI
The retail property located at 1781 South Avenue in Staten Island was leased by The Pickleball Group. The asset spans 7,650 square feet with an asking rent of $25 per square foot. ACHS Management Corp, led by Alex Adjmi, serves as the landlord for this retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Landlord: ACHS Management Corp - Alex Adjmi
- Tenant: The Pickleball Group
- Broker: Allie Beyda - BH Brokerage Group
Allie Beyda from BH Brokerage Group represented the deal as the broker, facilitating the lease transaction between The Pickleball Group and ACHS Management Corp.
On the Map
$25
$25/SF
Retail
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Players
Staten Island 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93