Paper Plate Signs Retail Lease At 528 Commack Road In Deer Park, Long Island
528 Commack Road
$45
$45/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 12, 2024
About this deal
AI
The retail property located at 528 Commack Road in Deer Park, Long Island, has been leased. The property spans 1,500 square feet and the lease type is a retail lease. The landlord for this transaction is Aaron Daniels and the tenant is Paper Plate. The brokers involved in this deal are George Skaliarinis and Mark Gallucci from KSR. The asking rent for this space was $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 528 Commack Road
- Tenant: Paper Plate
- Landlord: Aaron Daniels
- Brokers: George Skaliarinis & Mark Gallucci - KSR
- Asking Rent: $45/ft
- SF: 1,500
George Skaliarinis and Mark Gallucci from KSR represented both the landlord, Aaron Daniels, and the tenant, Paper Plate, in this retail lease transaction.
On the Map
$45
$45/SF
Retail
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Players
Deer Park 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93