PINK Beauty Salon Leases 4,500 SF At 72-01 Queens Boulevard From SOLA For $50/ft
72-01 Queens Boulevard
$50
$50/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
May 27, 2026
AI
The transaction involves a multi-family asset located at 72-01 Queens Boulevard in Woodside, featuring a retail lease with an asking rent of $50 per square foot for a space measuring 4,500 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $225,000
- Address: 72-01 Queens Boulevard
- Market: Woodside
- Landlord: SOLA
- Tenant: PINK Beauty Salon
- Broker: Aaron Aziz - ARA
- Lease Type: Retail Lease
- Asking Rent: $50/ft
Aaron Aziz from ARA facilitated the lease transaction, representing both the landlord SOLA and the tenant PINK Beauty Salon. This dual representation highlights ARA's capability in handling both sides of the leasing process, catering to owners and tenants alike.
Players
Woodside MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93