Updated Oct 28, 2024
Fleetwood Design Leases Industrial Space In Jamaica, Queens
134-02 91st Avenue, Queens, New York 11418, United States
Building Size
5,091 SF
Asset Type
Industrial
Closing
Jan 14, 2022
About this deal
AI
Located at 134-02 91st Ave., in Jamaica, Queens, this industrial property was recently leased. The transaction took place on January 15, 2022, with Fleetwood Design as the tenant.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 01/15/2022
- Address: 134-02 91st Ave., Jamaica, Queens
The property is owned by Richard Jospitre and Tania Jospitre, while the leasing process was facilitated by brokers Luca DiCiero and Faisal Gilani from NY Space Finders. The asking rent for the space was $16 per square foot, and the total area of the industrial property is 5,091 square feet.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · 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