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:
- Property Type: Retail
- Transaction Amount: $65/ft
- Square Footage: 1,000
- Address: 77-63 Vleigh Place
- Market: Flushing
- Landlord: David Mataov
- Tenant: Rita's Ice
- Brokers: Richard Babeck & Fredy Bagdadi - Tri State Commercial Realty
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
Flushing Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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