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528 Commack Road

Paper Plate Signs Retail Lease At 528 Commack Road In Deer Park, Long Island
LEASEDRetail

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

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.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker

Aaron Daniels

Landlord

$59.7M

vol

5 deals

Landlord

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