Bijan Beni Signs 5-Year Retail Lease In Oyster Bay With NY Space Finders
57 West Main Street
$30
$30/SF
Building Size
850 SF
Asset Type
Retail
Closing
Aug 18, 2023
About this deal
AI
Located at 57 West Main Street in Oyster Bay, Long Island, this retail space has recently been leased. The property spans 850 square feet and was leased for a 5-year term. Liselotte Keeling served as the landlord while Bijan Beni secured the tenancy. The lease was facilitated by NY Space Finders, represented by brokers Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista. The asking rent for the space was set at $30 per square foot.
Summary of transaction details
- Property Type: Retail
- Lease Term: 5 years
- Address: 57 West Main Street, Oyster Bay, Long Island
- Landlord: Liselotte Keeling
- Tenant: Bijan Beni
- Brokers: Luca DiCiero, Giuseppe Gregorio, Nicholas Evangelista - NY Space Finders
- Asking Rent: $30 per square foot
The lease transaction for the retail space at 57 West Main Street was successfully facilitated by NY Space Finders. Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista, representing the brokerage, played a crucial role in securing the deal between landlord Liselotte Keeling and tenant Bijan Beni. This transaction serves as a testament to the expertise and professionalism of NY Space Finders and their brokers in the retail leasing market in Oyster Bay, Long Island.
Players
Market 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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93