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57 West Main Street

Updated Oct 25, 2024

Bijan Beni Signs 5-Year Retail Lease In Oyster Bay With NY Space Finders
LEASEDRetail

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

Luca DiCiero

NY Space Finders

Broker

$128.9M

vol

155 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $30 per square foot on a published $30 for 850 square feet (2023).

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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

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