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196 Forest Avenue

Kathy Carney Leases Retail Space To Natalia Mirontchouk At 196 Forest Avenue Locust Valley
LEASEDRetail

Kathy Carney Leases Retail Space To Natalia Mirontchouk At 196 Forest Avenue Locust Valley

196 Forest Avenue

$29

$29/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Oct 18, 2024

AI

The property involved in this lease transaction is a personal training studio located at 196 Forest Avenue in the Locust Valley market. The asset type is retail, encompassing a total square footage of 1,000. The asking rent for this space is set at $29 per square foot, with a lease term of 5 years and an additional 3 optional years.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: $29/ft
  • Square Footage: 1,000
  • Address: 196 Forest Avenue
  • Market: Locust Valley
  • Landlord: Kathy Carney
  • Tenant: Natalia Mirontchouk
  • Lease Term: 5 Years plus 3 optional
  • Broker Representatives: Luca DiCiero, Nicholas Evangelista & Giuseppe Gregorio - NY Space Finders

The key individuals involved in this transaction include landlord Kathy Carney and tenant Natalia Mirontchouk. The brokerage firm NY Space Finders facilitated the lease, represented by brokers Luca DiCiero, Nicholas Evangelista, and Giuseppe Gregorio, who played a crucial role in the arrangement of this deal.

Players

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

151 deals

Broker

Locust Valley 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

547000.00%

Cash-on-Cash

-156334.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93