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66 96 Fresh Pond Road

Vztech Inc Signs 10 Year Double Net Lease At 66-96 Fresh Pond Road With Landlord Barretta
LEASEDRetail

Vztech Inc Signs 10 Year Double Net Lease At 66-96 Fresh Pond Road With Landlord Barretta

66 96 Fresh Pond Road

$34

$34/SF

Building Size

3,600 SF

Asset Type

Retail

Closing

Sep 7, 2025

AI

The property asset involved in the transaction is a retail space located at 66-96 Fresh Pond Road in the Ridgewood market. It features a total square footage of 3,600. The lease has an asking rent of $34 per square foot and is structured as a Double Net Lease for a term of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $34/ft
  • Square Footage: 3,600
  • Lease Term: 10 years
  • Lease Type: Double Net Lease
  • Landlord: Barretta
  • Tenant: Vztech Inc
  • Landlord's Representative: Theo Eastwind & Jessie Lookfong - Capri Jet Realty
  • Tenant's Representative: Samuel Chera - KSR

This transaction highlights the involvement of key representatives in the leasing process, including Theo Eastwind and Jessie Lookfong from Capri Jet Realty who represent the landlord, and Samuel Chera from KSR who represents the tenant, Vztech Inc. Their roles were critical in facilitating the lease agreement for the retail space.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 deals

Broker
Capri Jet Realty
Capri Jet RealtyBrokerage

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

466558.82%

Cash-on-Cash

-133343.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93