Kyle Savage Signs 5-Year Ground Lease At 290 Main Street In Port Washington
290 Main Street
$28
$28/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Sep 18, 2023
About this deal
AI
Located at 290 Main Street in Port Washington, this retail asset was recently leased in a ground lease transaction. The property spans approximately 1,500 square feet and was leased for a term of 5 years. The landlord in this transaction is Filippa Petrucelli, while the tenant is Kyle Savage. The brokers who facilitated the deal were Luca DiCiero, Giuseppe Gregorio, and Fabio Acquista from NY Space Finders. The asking rent for the lease was $28.00 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 290 Main Street, Port Washington
- Market: Port Washington
- Landlord: Filippa Petrucelli
- Tenant: Kyle Savage
- Brokers: Luca DiCiero, Giuseppe Gregorio, Fabio Acquista - NY Space Finders
- Asking Rent: $28.00 per square foot
- Lease Type: Ground Lease
- Lease Term: 5 years
In this lease transaction, the key individuals and companies involved were Filippa Petrucelli as the landlord and Kyle Savage as the tenant. The deal was facilitated by Luca DiCiero, Giuseppe Gregorio, and Fabio Acquista from NY Space Finders. These brokers represented the parties involved in the lease agreement.
Players
Port Washington 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