Town Animal Hospital Of Manhasset Leases Retail Space At 260 Plandome Road For 20 Years
260 Plandome Road
$168,000
$168,000/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Jun 1, 2025
AI
The retail asset involved in this transaction is located at 260 Plandome Road in Long Island. The property consists of a total square footage of 2,200, and it operates under a NNN lease with an asking rent of $77 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Term: 20 years
- Landlord: Mucha Realty - David Mandel
- Tenant: Town Animal Hospital of Manhasset
- Landlord's Representative: Kim Levandovsky - Retail By Mona
- Tenant's Representative: Evan Gasman
Key individuals involved in this transaction include David Mandel representing Mucha Realty as the landlord, and Evan Gasman representing the tenant, Town Animal Hospital of Manhasset. Kim Levandovsky acted as the landlord's representative from Retail By Mona in facilitating the lease arrangement.
Players
Manhasset 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
94.42%
Cash-on-Cash
-26.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93