Bingo Wholesale Leases Retail Space At 603 Burnside Ave. In Five Towns With Urban Edge As Landlord
603 Burnside Avenue, Inwood, New York 11096, United States
Building Size
61,669 SF
Asset Type
Retail
Closing
May 2, 2022
AI
The retail property located at 603 Burnside Ave in the Five Towns market has recently been leased. The lease transaction was facilitated by Edward Gottlieb of Schuckman Realty Inc. representing the tenant, Bingo Wholesale. The landlord of this property is Urban Edge.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 05/03/2022
- Address: 603 Burnside Ave
- Market: Five Towns
The asking rent for this retail space was $20 per square foot. The total square footage of the property is 61,669 square feet.
Edward Gottlieb, from Schuckman Realty Inc., played a key role as the tenant's representative in this lease transaction. The involvement of these individuals and companies highlights the collaborative effort behind finalizing the lease agreement.
Players
Inwood 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93