Lidl Leases 35000 Square Feet At 8801 Queens Blvd Elmhurst From Madison International Realty
8801 Queens BLVD, Queens, NY, 11374
Building Size
35,000 SF
Asset Type
Other
Closing
Jul 13, 2022
About this deal
AI
The property involved in this transaction is located at 8801 Queens BLVD, Queens, NY, 11374, in the Elmhurst market. The leased space encompasses 35,000 square feet. The landlord of the property is Madison International Realty.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 8801 Queens BLVD, Queens, NY, 11374
- Market: Elmhurst
- Tenant: Lidl
- Landlord: Madison International Realty
- Tenant's Representative: Kenneth (Ken) Schuckman, Schuckman Realty
In this transaction, Kenneth (Ken) Schuckman of Schuckman Realty represents the tenant, Lidl, in the lease agreement. The involvement of Madison International Realty as the landlord plays a significant role in this deal.
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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