Porta Bella Signs Retail Lease At 57-23 Myrtle Avenue With Landlord ACHS Management Corp
57-23 Myrtle Avenue
Building Size
13,000 SF
Asset Type
Retail
Closing
Nov 3, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 57-23 Myrtle Avenue in the Ridgewood market. The asking rent for this space was $40 per square foot, with a total square footage of 13,000. This transaction represents a temporary lease arrangement facilitated by the parties involved.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Lease Type: Retail Lease
- Landlord: ACHS Management Corp
- Tenant: Porta Bella
- Broker: Allie Beyda - BH Realty
- Market: Ridgewood
This lease deal was brokered by Allie Beyda, who represents BH Realty. It is noted that this was a temporary lease deal, and additional potential sites on main retail streets are available through inquiries directed to the broker.
On the Map
Retail
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Players
Ridgewood 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93