facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

2204 Frederick Douglass Bou...

VistaSite Eye Care Leases Retail Space At 2204 Fredrick Douglas Blvd New York From Mark Gornik
LEASEDRetail

VistaSite Eye Care Leases Retail Space At 2204 Fredrick Douglas Blvd New York From Mark Gornik

2204 Frederick Douglass Boulevard

$100,000

Building Size

Asset Type

Retail

Closing

Jan 1, 2019

AI

The property asset involved in this transaction is a retail space located at 2204 Fredrick Douglas Blvd in New York. This lease pertains to a significant commitment by the tenant, VistaSite Eye Care, under a 12-year lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 2204 Fredrick Douglas Blvd
  • Market: New York
  • Lease Duration: 12 years
  • Tenant: VistaSite Eye Care
  • Landlord: Mark Gornik
  • Brokers: Thomas Caliendo (Tide Realty Group), Daniel D. DePasquale
Thomas Caliendo from Tide Realty Group represents the landlord, Mark Gornik, in this lease transaction while the broker Daniel D. DePasquale is also involved in facilitating this deal. Their participation is crucial in completing the agreement between the landlord and tenant.

Players

Mark Tergesen

ABS Partners Real Estate

Broker

$4.3M

vol

15 deals

Broker
MG
Mark GornikLandlord

VistaSite Eye Care

Tenant
Tenant
VC
VistaSite Eye CareTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

158.63%

Cash-on-Cash

-45.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93