T.J. Maxx Leases 24,000 SF Retail Space In Plainview NY At Woodbury Plaza
403 S Oyster Bay Rd, Plainview, NY, 1...
Building Size
24,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
T.J. Maxx has opened a retail store at 403 S Oyster Bay Rd, Plainview, NY, within the Woodbury Plaza, which encompasses a total area of 102,000 square feet. The store occupies a space of 24,000 square feet, which was previously used by Bed Bath & Beyond.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 403 S Oyster Bay Rd, Plainview, NY
- Landlord's Representative: Robert Delavale
- Tenant: T.J. Maxx
- Square Feet: 24,000
Robert Delavale represented the landlord, Breslin Realty, in the lease negotiations on an internal basis. The representative of T.J. Maxx was not disclosed.
Players
Plainview 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