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77-62 Vleigh Place

David Mataov Leases Retail Space To Rita's Ice At 77-63 Vleigh Place In Flushing
LEASEDRetail

David Mataov Leases Retail Space To Rita's Ice At 77-63 Vleigh Place In Flushing

77-62 Vleigh Place

$65

$65/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Dec 2, 2024

AI

The retail property located at 77-63 Vleigh Place in the Flushing market features a lease type known as Modified Gross Lease. The asset spans 1,000 square feet and was listed at an asking rent of $65 per square foot.

Summary of transaction details:

Richard Babeck and Fredy Bagdadi represented Tri State Commercial Realty in this transaction, facilitating the lease agreement between the landlord David Mataov and the tenant Rita's Ice.

Players

Richard Babeck

Tri State Commercial Realty

Broker

$3.5M

vol

20 deals

Broker

Flushing 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93