Restoration Squad Leases Retail Space In Nassau County For $24/ft
400 Glen Cove Avenue
$24
$24/SF
Building Size
800 SF
Asset Type
Retail
Closing
Nov 8, 2022
About this deal
AI
The retail property located at 400 Glen Cove Avenue in Nassau County has been leased. The property spans approximately 800 square feet. The landlord, Rosa Caruso, has entered into a lease agreement with Restoration Squad, represented by Michelle Macready and Salvatore Franco. The lease deal was facilitated by brokers Luca Di Ciero, Joseph Franco, and Giuseppe Gregorio from NYSpace Finders.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Lease Agreement
- Address: 400 Glen Cove Avenue
- Market: Nassau County
Restoration Squad, led by Michelle Macready and Salvatore Franco, will now operate their retail business at 400 Glen Cove Avenue. The lease agreement was facilitated by NYSpace Finders, with Luca Di Ciero, Joseph Franco, and Giuseppe Gregorio representing the tenant.
On the Map
$24
$24/SF
Retail
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Players
Sea Cliff 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
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93