Chris Santomero Leases Retail Space At 380 Downing Drive To Torrington Supply With Chris Betting And Michael Keating
380 Downing Drive
$27
$27/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Oct 14, 2025
AI
The transaction involves a retail lease at 380 Downing Drive in Yorktown Heights. The property has a total square footage of 14,000 and is structured under a NNN lease with an asking rent of $27 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27/ft
- Address: 380 Downing Drive
- Market: Yorktown Heights
- Landlord: Chris Santomero
- Tenant: Torrington Supply
- Landlord's Representative: Chris Betting - CBRE
- Tenant's Representative: Michael Keating - Capstone Commercial
Capstone Commercial represented the Tenant, Torrington Supply, in this lease transaction. Michael Keating from Capstone Commercial worked alongside Chris Betting representing the landlord, facilitating a successful outcome. Capstone Commercial operates nationwide with primary offices located in New York and Florida, offering advisory services across various sectors in real estate.
Players
Yorktown Heights 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
587518.52%
Cash-on-Cash
-167914.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93