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
About this deal
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.
On the Map
$100,000
Retail
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Players
MG
Mark GornikLandlord
VC
VistaSite Eye CareTenant
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
158.63%
Cash-on-Cash
-45.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93