Zac DelVecchio Leases Retail Space At 53 Spring Street In Oyster Bay
53 Spring Street
$28
$28/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
May 1, 2024
AI
The retail property located at 53 Spring Street in Oyster Bay, Long Island, was leased for a term of 5 years plus option. The property features 1,000 square feet of space with an asking rent of $28 per square foot. The deal involved Lisa Binder as the landlord and Zac DelVecchio as the tenant. The transaction was facilitated by brokers Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista of NY Space Finders.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 53 Spring Street
- Market: Oyster Bay, Long Island
- Landlord: Lisa Binder
- Tenant: Zac DelVecchio
- Brokers: Luca DiCiero, Giuseppe Gregorio & Nicholas Evangelista - NY Space Finders
- Asking Rent: $28/ft
- Lease Type: Retail Lease
- Lease Term: 5 Years plus option
The individuals involved in the deal, Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista, served as the representatives for NY Space Finders, ensuring a successful lease agreement between Lisa Binder and Zac DelVecchio for the retail space at 53 Spring Street.
Players
Oyster Bay Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93