NY Space Finders Brokers Lease Retail Space At 269 & 271 Bayville Avenue, Bayville, Long Island
269 & 271 Bayville Avenue, Bayville, Ny 11709
$24
$24/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 31, 2023
AI
The property at 269 & 271 Bayville Avenue in Bayville, Long Island has been leased. This retail space, spanning 2,000 square feet, was the subject of a recent lease transaction.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $24 per square foot
- Lease Term: 5-Year Lease with 5-Year Option
The landlord, Pete Williams, negotiated the lease agreement with Binbin Lin and Mathew DeSanno, who will be the tenants. The lease was facilitated by brokers Luca DiCiero and Giuseppe Gregorio from NY Space Finders.
Players
Bayville 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
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93