Tony Urrutia Leases Retail Space At 412 Atlantic Ave. In Oceanside
412 Atlantic Avenue, Oceanside, New York 11572, United States
Building Size
3,000 SF
Asset Type
Retail
Closing
Dec 16, 2021
About this deal
AI
A retail property located at 412 Atlantic Ave. in Oceanside has been leased as of 12/16/2021. The property spans approximately 3,000 square feet and was listed with an asking rent of $48 per square foot.
Summary of transation details
- Property Type: Retail
- Tenant: Tony Urrutia
- Brokers: Anthony M. Ponte & Robert Heicklen of tonegateRealEstate
- Date: 12/16/2021
- Address: 412 Atlantic Ave.
- Market: Oceanside
- Asking Rent: $48/ft.
- Square Footage: 3,000
The deal was facilitated by brokers Anthony M. Ponte and Robert Heicklen of tonegateRealEstate. The tenant, Tony Urrutia, has leased the retail space. The lease agreement is primarily intended for an auto body, sales, and leasing tenant.
On the Map
Retail
View full map
Players
Oceanside Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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