Olgam Life Signs 20-Year Lease For Retail Space In Howard Beach, NY
7815 Linden Boulevard, Howard Beach, NY, 11414, USA
Building Size
7,200 SF
Asset Type
Retail
Closing
Nov 30, 2021
About this deal
AI
Located at 78-15 Linden Blvd. in Howard Beach, this retail property has recently been leased. The lease term is set for 20 years, starting on 11/30/2021. The property offers a spacious area of approximately 7,200 square feet. The landlord for this lease is Soly D. Bawabeh & Joey D. Bawabeh, while the tenant is Olgam Life.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 78-15 Linden Blvd., Howard Beach
- Lease Term: 20 Years
Representing the deal on behalf of the landlord and tenant is Josh Augenbaum from Augenbaum Realty Corp. Josh Augenbaum is the broker who facilitated this lease agreement.
It's worth noting that @AugenbaumRealtyNY is actively seeking additional sites for Olgam Life. They are looking for spaces that are approximately 7,000 to 8,000 square feet in size. Those interested in submitting potential sites can reach out to Josh Augenbaum at [email protected].
Players
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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