Cricket Wireless Leases 170-01 Jamaica Avenue In Jamaica At $3,600 Monthly From Robert Family
170-01 Jamaica Avenue
Building Size
350 SF
Asset Type
Mixed-use
Closing
Sep 4, 2026
About this deal
AI
A mixed-use property located at 170-01 Jamaica Avenue in the Jamaica market has been leased to Cricket Wireless for $125 per square foot, totaling 350 square feet. The lease term is established for 5 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600/month
- Landlord: Robert Family
- Tenant: Cricket Wireless
- Landlord's Representative: Itai Khalili & Elliot Setareh - Aineh Property Group
- Broker: Brian Ainehsazan - Aineh Property Group
- Previous Monthly Rent: $1,100
AINEH Property Group successfully facilitated the leasing of the property in less than 5 days after posting, achieving the landlord's asking rent. The new tenant, Cricket Wireless, is a national wireless brand, which has significantly elevated the property's monthly income.
On the Map
Mixed-use
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Jamaica 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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93