Harmon Leases Retail Space At 77 Quaker Ridge Road In New Rochelle
77 Quaker Ridge Road
$46
$46/SF
Building Size
6,760 SF
Asset Type
Retail
Closing
Feb 1, 2024
About this deal
AI
The retail property located at 77 Quaker Ridge Road in New Rochelle was leased out in a recent transaction. The asset comprises 6,760 square feet with an asking rent of $46 per square foot. The landlord of the property is CW North Ridge Plaza, managed by Brixmor Property Group and represented by Nick Andreadis. The tenant for this retail lease is Harmon, and the deal was facilitated by Adam Matloff from Meridian Capital Group.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 77 Quaker Ridge Road
- Market: New Rochelle
- Landlord: CW North Ridge Plaza, Brixmor Property Group - Nick Andreadis
- Tenant: Harmon
- Broker: Adam Matloff - Meridian Capital Group
- Asking Rent: $46/ft
- Lease Type: Retail Lease
The retail lease transaction at 77 Quaker Ridge Road involved key individuals and companies. CW North Ridge Plaza, managed by Brixmor Property Group and represented by Nick Andreadis, acted as the landlord in the deal. Harmon secured the lease as the tenant, and the negotiations were overseen by Adam Matloff from Meridian Capital Group.
On the Map
$46
$46/SF
Retail
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Players
New Rochelle 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
344847.83%
Cash-on-Cash
-98558.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93