GoPuff Leases Retail Space In Staten Island From Marco & Gino Savo
75 Putnam Street, Staten Island, NY 10312
Building Size
5,700 SF
Asset Type
Retail
Closing
Jul 15, 2020
AI
A retail property located at 75 Putnam St. in Staten Island has been leased. The lease deal was closed on July 15, 2021. The property covers an area of 5,700 square feet and has an asking rent of $35 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: GoPuff
- Landlord: Marco & Gino Savo
- Tenant's Rep: Julia Maksimova - KW Commercial
- Landlord's Rep: John Oliveri - STL Realty
GoPuff, a well-known delivery service for various products including smoke supplies, beverages, and groceries, has become the tenant for this retail property. The lease agreement was facilitated by Julia Maksimova from KW Commercial, representing GoPuff, and John Oliveri from STL Realty, representing the landlord, Marco & Gino Savo.
Players
New York 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