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
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