Liberty Utilities Leases Retail Space In Long Island At 75 Glen Cove Ave
75 Glen Cove Avenue, Glen Cove, New York 11542, United States
Building Size
1,200 SF
Asset Type
Retail
Closing
Sep 28, 2022
About this deal
AI
The retail property located at 75 Glen Cove Ave in Long Island has recently been leased. The lease transaction took place on 09/29/2022. The property spans an area of 1,200 square feet and is situated in a prime location in the Long Island market.
Summary of transaction details:
- Property Type: Retail
- Address: 75 Glen Cove Ave
- Market: Long Island
The landlord for this property is Rosa Caruso. The tenant who has secured the lease is Liberty Utilities (New York Water) Corp., represented by Chris Alario. The lease deal was facilitated by Luca DiCiero and Giuseppe Gregorio of NY Space Finders.
The asking rent for this retail space was $28 per square foot.
On the Map
Retail
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Players
Glen Cove 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