Liquor Warehouse Leases Retail Space At 490 Rockaway Turnpike In Lawrence
490 Rockaway Turnpike Lawrence, NY 11559, USA
$55
$55/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Jun 6, 2023
About this deal
AI
The retail property located at 490 Rockaway Turnpike in Lawrence is currently available for lease. The property spans approximately 8,000 square feet and is owned by Ashkenazy Acquisition Corporation.
Summary of Transaction Details
- Property Type: Retail
- Asking Rent: $55 per square foot
- Square Footage: 8,000
- Market: Lawrence
- Landlord: Ashkenazy Acquisition Corporation
Liquor Warehouse has expressed interest in leasing the property. Bruce Herman from Booth Street is the broker representing both the landlord, Ashkenazy Acquisition Corporation, and the tenant, Liquor Warehouse.
Players
New York 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93