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
About this deal
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.
On the Map
$27
$27/SF
Retail
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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