Beck Rosewith Leases Mixed-use Property To Calvin Gorham At 205-16 Linden Boulevard
205 16 Linden Boulevard
$65
$65/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Jan 1, 2025
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 205-16 Linden Boulevard in the Jamaica market. The landlord of the property is Beck Rosewith, while the tenant is Calvin Gorham. The asking rent for this space is $65 per square foot, encompassing a total area of 6,000 square feet. The lease type is a Single Net Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $390,000
- Address: 205-16 Linden Boulevard
- Market: Jamaica
- Landlord: Beck Rosewith
- Tenant: Calvin Gorham
- Broker: David Malul - Elite Homes NYC
- Asking Rent: $65/ft
- Lease Type: Single Net Lease
- Square Footage: 6,000
David Malul, representing Elite Homes NYC, facilitated this lease transaction, ensuring that both parties were aligned throughout the process. Elite Homes NYC specializes in rentals throughout Jamaica, Brooklyn, and the Bronx, and prides itself on a strong tenant qualification process as well as low-risk rent collection. The company aims to assist landlords in securing qualified tenants efficiently.
Players
Saint Albans 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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93