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
About this deal
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.
On the Map
Retail
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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