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3335 Hempstead Tpke, Levitt...

Robert Delavale Of Breslin Realty Negotiates 7,000-Square-Foot Retail Lease In Levittown Mews
LEASEDRetail

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

Robert Delavale

Broker

3 deals

Broker

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