Glen Cove Pharmacy Leases Retail Space At 279 Glen Street, Glen Cove
279 Glen St Glen Cove, NY 11542, USA
$28
$28/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Aug 10, 2023
About this deal
AI
The property involved in this lease transaction is a retail space located at 279 Glen Street in Glen Cove. The property is owned by 279 Glen St Corp, represented by Joe Caruso. The tenant, Glen Cove Pharmacy, has signed a 5-year lease with a 5-year option. The space measures approximately 1,100 square feet and the asking rent is $28 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 279 Glen Street
- Market: Glen Cove
- Landlord: 279 Glen St Corp - Joe Caruso
- Tenant: Glen Cove Pharmacy
- Brokers: Luca DiCiero & Giuseppe Gregorio - NY Space Finders
- Asking Rent: $28/ft
- Lease Term: 5-year lease with 5-year option
The lease transaction was facilitated by Luca DiCiero and Giuseppe Gregorio of NY Space Finders, representing the tenant Glen Cove Pharmacy. They played a key role in negotiating the terms of the lease agreement.
Players
Glen Cove 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
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93