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57-23 Myrtle Avenue

Porta Bella Signs Retail Lease At 57-23 Myrtle Avenue With Landlord ACHS Management Corp
LEASEDRetail

Porta Bella Signs Retail Lease At 57-23 Myrtle Avenue With Landlord ACHS Management Corp

57-23 Myrtle Avenue

$40

$40/SF

Building Size

13,000 SF

Asset Type

Retail

Closing

Nov 3, 2024

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.

Players

Allie Beyda

BH Realty

Broker

$4.8M

vol

16 deals

Broker

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