Victor Espiritu's Momo Tattoo Leases Retail Space In Bayville, Long Island With NY Space Finders
255 Bayville Avenue
$24
$24/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Oct 2, 2023
About this deal
AI
The retail property located at 255 Bayville Avenue in Bayville, Long Island has recently been leased. The property spans approximately 1,800 square feet and was listed with an asking rent of $24 per square foot.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $24/ft
- Square Footage: 1,800
- Lease Term: 5-Year Lease with 5-Year Option
- Landlord: Georgia Trampel
- Tenant: Victor Espiritu - Momo Tattoo
- Brokers: Luca DiCiero, Giuseppe Gregorio, Nicholas Evangelista - NY Space Finders
Georgia Trampel is the landlord of the property, while Victor Espiritu, the owner of Momo Tattoo, is the tenant. The lease agreement was facilitated by Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista of NY Space Finders.
Players
Bayville 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
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93