Updated Oct 29, 2024
US Army Leases 1,350 SF Multifamily Space In Jamaica, Queens With Tenant's Rep CBRE
89-22 168th St, Jamaica, NY 11432, USA
Building Size
1,350 SF
Asset Type
MultiFamily
Closing
Sep 7, 2020
About this deal
AI
The multifamily property located at 168-22 Jamaica Ave in Jamaica, Queens has been leased. The property is zoned as C6-2, DJ and offers a total of 1,350 square feet. The asking rent for this property was $84 per square foot. The lease transaction was completed on 09/08/2020.
Summary of transaction details
- Property Type: Multifamily
- Address: 168-22 Jamaica Ave
- Market: Jamaica, Queens
- Zoning: C6-2, DJ
- Asking Rent: $84/ft.
- Square Footage: 1,350
- Tenant: @USArmy
- Landlord: Kahen Realty - Mark Kahen
- Landlord's Representative: David Payami
- Tenant's Representative: Lon Rubackin - CBRE
David Payami, a specialist in commercial sales and leasing, represented both the landlord and tenant in this lease transaction. For more information, you can contact David directly at 516-996-7978.
Note: David Payami's expertise extends to representing landlords and tenants throughout the 5 boroughs of New York City.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Deal FAQ
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