Tribeca Pediatrics Leases Retail Space At 45-52 Francis Lewis Boulevard For $70/ft
45-52 Francis Lewis Boulevard
$70
$70/SF
Building Size
1,950 SF
Asset Type
Retail
Closing
May 31, 2026
About this deal
AI
The property asset involved in the transaction is located at 45-52 Francis Lewis Boulevard in the Whitestone market. It is a retail asset with a total square footage of 1,950. The asking rent for this lease is set at $70 per square foot, and it operates under a Single Net Lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Square Footage: 1,950
- Lease Type: Single Net Lease
- Landlord: Michael Marmon
- Tenant: Tribeca Pediatrics
- Brokers: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
- Date: 6/1/2026
The key individuals involved in this transaction are Josh Augenbaum and Murray Mizrachi, representing the interests of the landlord and tenant, respectively. They are associated with Augenbaum Realty, which facilitated this lease agreement.
On the Map
$70
$70/SF
Retail
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Players
Bayside 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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93