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
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