Dan Sabia Signs Ground Lease For Retail Space At 38 Bayville Avenue In Bayville, Long Island
38 Bayville Avenue
$36
$36/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Oct 12, 2023
About this deal
AI
A ground lease for a retail property located at 38 Bayville Avenue in Bayville, Long Island has been completed. The lease was signed by landlord Bruce Oxer and tenant Dan Sabia. The lease was facilitated by brokers Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista of NY Space Finders. The property is a retail space with an area of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Address: 38 Bayville Avenue, Bayville, Long Island
- Landlord: Bruce Oxer
- Tenant: Dan Sabia
- Brokers: Luca DiCiero, Giuseppe Gregorio, Nicholas Evangelista - NY Space Finders
- Lease Type: Ground Lease
- Lease Term: 3 years with option
- Asking Rent: $36 per square foot
- Square Footage: 1,000 square feet
The ground lease for the retail property at 38 Bayville Avenue was brokered by Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista, representing NY Space Finders. The lease term is for 3 years with an option. The asking rent for the property is $36 per square foot. The retail space spans 1,000 square feet and is located in Bayville, Long Island.
Players
Bayville 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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93