Arker Companies Leases Retail Space To Shop Fair Supermarkets At 51-15 Beach Channel Dr In Far Rockaway
51-15 Beach Channel Dr
$35
Building Size
—
Asset Type
Retail
Closing
Dec 8, 2022
AI
The retail property located at 51-15 Beach Channel Dr in Far Rockaway has been leased in a recent transaction. The landlord, Arker Companies, has entered into an agreement with the tenant, Shop Fair Supermarkets. The property spans approximately 18,000 square feet and was leased for an asking rent of $40 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 51-15 Beach Channel Dr
- Market: Far Rockaway
Brian Doyle and Greg Parassio from Booth Street represented both the landlord, Arker Companies, and the tenant, Shop Fair Supermarkets, in this lease deal.
If you're interested in placing a supermarket for your property, please reach out to Greg Parassio at [email protected] or Brian Doyle at [email protected].
Players
Market 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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93