Kids Valley Daycare Inc. Leases Retail Space In Bayside, Queens At 211-55 45th Dr
211-55 45th Dr, Bayside, NY, USA
Building Size
2,400 SF
Asset Type
Retail
Closing
Feb 22, 2021
About this deal
AI
An 2,400 square foot retail property located at 211-55 45th Dr. in Bayside was recently leased. The lease transaction took place on 02/23/2021. The tenant, Kids Valley Daycare Inc., signed the lease agreement with the landlord, George Kontolios. The leasing of this retail space was facilitated by brokers Anthony Volman and Rodney Nassimian from Highcap Group.
Summary of transation details
- Property Type: Retail
- Asking Rent: $37.50/ft.
- Square Footage: 2,400
- Market: Bayside
For any leasing inquiries regarding this property, interested parties can contact Anthony Volman, the Director of Leasing at Highcap Group. Anthony can be reached at 646-688-1481 or 347-228-9655, or by email at [email protected]. More information can also be found on the Highcap Group website.
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Retail
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Bayside 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93