Updated Oct 29, 2024
Tikka 'N' Talk Leases Retail Space At 70-11 Austin St In Forest Hills, Queens
70 11 Austin St, Forest Hills, Ny 11375, Usa
Building Size
2,380 SF
Asset Type
Retail
Closing
Oct 7, 2020
About this deal
AI
A lease transaction was completed for a retail property located at 70-11 Austin St in Forest Hills, Queens. The property, with a total square footage of 2,380, was leased to Tikka 'N' Talk. The landlord in this transaction is Jang Realty LLC, represented by Linda Young. The leasing process was facilitated by Michael Wang from Project Queens.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $75 per square foot
- Lease Date: 10/08/2020
- Address: 70-11 Austin St, Forest Hills, Queens
- Market: Forest Hills, Queens
- Tenant: Tikka 'N' Talk
- Landlord: Jang Realty LLC - Linda Young
- Broker: Michael Wang - Project Queens
Michael Wang, from Project Queens, acted as the broker for this lease transaction. The property at 70-11 Austin St was successfully leased to Tikka 'N' Talk, with Jang Realty LLC, represented by Linda Young, as the landlord.
Players
Forest Hills 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93