NY Partners In Health Leases Retail Space At 8 Court Square From Werwaiss Properties
8 Court Square, 8 Court Square, 8 Court Square, 8 Court Square & 8 Court Square
$150
$150/SF
Building Size
6,100 SF
Asset Type
Retail
Closing
Mar 4, 2025
AI
The retail asset located at 8 Court Square in Long Island City was leased at an asking rent of $150 per square foot. The total square footage of the leased space is 6,100, consisting of 991 square feet on the ground level and 5,109 square feet on the lower level. The landlord for this property is Werwaiss Properties, and the tenant is NY Partners in Health.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $150/ft
- Address: 8 Court Square
- Market: Long Island City
- Landlord: Werwaiss Properties
- Tenant: NY Partners in Health
- Square Footage: 6,100 SF (Ground: 991 SF, Lower Level: 5,109 SF)
- Brokers: Thomas Galo & Steven E. Baker - RTL Real Estate
Thomas Galo and Steven E. Baker represented both the landlord, Werwaiss Properties, and the tenant, NY Partners in Health in this leasing transaction. RTL has successfully leased to five tenants at this location since 2023, including notable establishments such as Wells Fargo, Warby Parker, USWOO Realty, and Matsunori Handroll Bar.
Players
Long Island City 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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93