Robert Delavale Of Breslin Realty Negotiates 7,000-Square-Foot Retail Lease In Levittown Mews
3335 Hempstead Tpke, Levittown, NY...
Building Size
7,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
Located at 3335 Hempstead Turnpike in Levittown, NY, the retail property is a 7,000-square-foot space within the Levittown Mews Shopping Center on Long Island. The shopping center is home to various tenants, including Walmart Neighborhood Market, Ulta Beauty, America’s Best Contacts & Eyeglasses, Lane Bryant, and European Wax Center.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Landlord: Undisclosed
- Landlord's Representative: Robert Delavale of Breslin Realty
- Tenant's Representative: Not disclosed
Robert Delavale of Breslin Realty acted as the landlord's representative in the lease negotiations for the 7,000-square-foot retail space at Levittown Mews Shopping Center. The agreement involved Advance Auto Parts as the tenant, although their representative was not disclosed. The presence of well-known tenants like Walmart Neighborhood Market and Ulta Beauty adds to the allure of the shopping center, making it a prime location for retail businesses in Levittown, NY.
Players
Levittown 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93