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211-55 45th Dr, Bayside, NY...

Kids Valley Daycare Inc. Leases Retail Space In Bayside, Queens At 211-55 45th Dr
LEASEDRetail

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

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.

Players

Rodney Nassimian

Highcap Group

Broker

$73.1M

vol

18 deals

Broker

George Kontolios

Landlord

2 deals

Landlord

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