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208-02 Cross Island PkwyQue...

Reddy Care Physical & Occupational Therapy Leases Retail Space In Bayside, Queens
LEASEDRetail

Reddy Care Physical & Occupational Therapy Leases Retail Space In Bayside, Queens

208-02 Cross Island PkwyQueens, NY 11360, USA

$60

$60/SF

Building Size

3,300 SF

Asset Type

Retail

Closing

Dec 18, 2020

AI

Located in Bayside, Queens, the retail property at 208-02 Cross Island Pkwy recently underwent a lease transaction. The tenant, Reddy Care Physical & Occupational Therapy, signed a lease agreement with the landlord, AMC Realty Group, represented by Michael Pescatore. The property, known as Baybridge Commons Shopping Center, offers a total of 3,300 square feet of retail space. The lease deal was facilitated by Lauren Curcio of Worth Property Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 12/18/2020
  • Address: 208-02 Cross Island Pkwy, Bayside, Queens
  • Tenant: Reddy Care Physical & Occupational Therapy
  • Landlord: AMC Realty Group - Michael Pescatore
  • Broker: Lauren Curcio - Worth Property Group
  • Asking Rent: $60 per square foot
  • Available Square Footage: 2,100 on the first floor

Lauren Curcio of Worth Property Group is the exclusive agent for the Baybridge Commons Shopping Center. Besides the leased space, there is still an available 2,100 square feet end cap on the first floor. For further information about this property, interested parties can directly contact Lauren Curcio.

Players

Lauren Curcio

Compass

Broker

$14.9M

vol

15 deals

Broker
Worth Property Group
Worth Property GroupBrokerage

Michael Pescatore

Landlord

$2.8M

vol

2 deals

Landlord

New York 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93