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
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