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
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.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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