Taco Bell Leases Mixed-Use Space In Queens With Tenant's Rep Daniel Torkan - Parallel Realty Group
132-77 Metropolitan Avenue, Queens, Jamaica, NY, USA
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Aug 26, 2021
About this deal
AI
The mixed-use property located at 132-77 & 132-99 Metropolitan Avenue in Queens has recently been leased. The deal was closed on 08/27/2021.
Summary of transaction details
- Property Type: Mixed-use
- Address: 132-77 & 132-99 Metropolitan Avenue, Queens
- Market: Queens
- Tenant: Taco Bell
- Tenant's Representative: Daniel Torkan - Parallel Realty Group
- Asking Rent: $60 per square foot
- Space Area: 2,000 square feet
The tenant, Taco Bell, was represented by Daniel Torkan from Parallel Realty Group in this lease transaction. The landlord's representative is Eric Delafraz.
On the Map
Mixed-use
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Richmond Hill Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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