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205 16 Linden Boulevard

Updated Mar 5, 2025

Beck Rosewith Leases Mixed-use Property To Calvin Gorham At 205-16 Linden Boulevard
LEASEDMixed-use

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

David Malul

Elite Homes NYC

Broker

$980K

vol

4 deals

Broker

Saint Albans Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Deal FAQ

About $65 per square foot on a published $65 for 6,000 square feet (2025).

Visit David (Dave) Malul to view all their deals.

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

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