Gene Spiegelman Of Ripco Represents Tenant In Lease At 630 Old Country Rd Garden City NY
630 Old Country Rd, Garden City, NY 11530
Building Size
68,000 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is a retail lease located at 630 Old Country Rd, Garden City, NY 11530. This retail space spans 68,000 square feet and is part of the Roosevelt Field shopping center in Garden City, which features various well-known retailers and dining establishments.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 68,000
- Address: 630 Old Country Rd, Garden City, NY 11530
- Market: Garden City
- Tenant: Century 21 Stores
- Tenant's Representative: Gene Spiegelman-Ripco
- Landlord: Simon Property Group
The lease was secured by RIPCO Real Estate for department store chain Century 21 Stores. The store is set to open in the spring of 2021, with Gene Spiegelman of RIPCO acting as the representative for the tenant in this transaction. The landlord, Simon Property Group, is the owner of the Roosevelt Field shopping center.
On the Map
Retail
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Garden City 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