Fresh Pond Properties Leases Retail Space To Ridgewood Market At 66-40 Fresh Pond Road
66-40 Fresh Pond Road
$45
$45/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Dec 1, 2024
About this deal
AI
The property asset involved in the transaction is a retail space located at 66-40 Fresh Pond Road in the Ridgewood market. It features a total square footage of 3,500 and is being leased at an asking rent of $45 per square foot. The lease type established for this property is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $157,500
- Address: 66-40 Fresh Pond Road
- Market: Ridgewood
- Landlord: Fresh Pond Properties
- Tenant: Ridgewood Market
- Broker: Joseph Cohen - Genesis Real Estate Group
- Lease Type: Single Net Lease
- Square Footage: 3,500
- Asking Rent: $45/ft
Key individuals involved in the transaction include the landlord, Fresh Pond Properties, and the tenant, Ridgewood Market. Joseph Cohen from Genesis Real Estate Group acted as the broker representing the landlord in this lease transaction.
Players
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93