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107-02 Queens Blvd Queens, ...

Updated Oct 29, 2024

Target Park Leases Retail Space In Forest Hills, Queens
LEASEDRetail

Target Park Leases Retail Space In Forest Hills, Queens

107-02 Queens Blvd Queens, NY 11375, USA

$15

$15/SF

Building Size

14,000 SF

Asset Type

Retail

Closing

Jul 5, 2023

About this deal

AI

The retail property located at 107-02 Queens Boulevard in Forest Hills, Queens has been leased. The property, spanning approximately 14,000 square feet, was leased by Target Park. The lease transaction was facilitated by Brian Doyle from Booth Street, Michelle Abramov from Ripco, and Greg Batista. The landlord of the property is RJ Capital Holdings.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 107-02 Queens Boulevard, Forest Hills, Queens
  • Tenant: Target Park
  • Brokers: Brian Doyle - Booth Street, Michelle Abramov - Ripco, Greg Batista
  • Landlord: RJ Capital Holdings

The deal involved various key individuals and companies. Brian Doyle from Booth Street and Michelle Abramov from Ripco worked as brokers in the transaction, representing the parties involved. Target Park secured the lease for the retail space. RJ Capital Holdings, the landlord, facilitated the leasing process.

On the Map

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$15

$15/SF

Retail

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Players

Michelle Abramov

Ripco

Broker

$64.9M

vol

27 deals

Broker
RJ Capital Holdings
RJ Capital HoldingsLandlord
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Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $15 per square foot on a published $15 for 14,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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