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107 40 Queens Boulevard

Digestive Disease Care Signs Retail Lease At 107-40 Queens Boulevard In Forest Hills With Landlord Swayne Shu
LEASEDRetail

Digestive Disease Care Signs Retail Lease At 107-40 Queens Boulevard In Forest Hills With Landlord Swayne Shu

107 40 Queens Boulevard

$125

$125/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

Feb 25, 2025

AI

The property asset involved in this transaction is a retail space located at 107-40 Queens Boulevard in Forest Hills. The asking rent for this 3,500 square foot retail lease was set at $125 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $125/ft
  • Address: 107-40 Queens Boulevard
  • Market: Forest Hills
  • Asset Size: 3,500 SF
  • Landlord: Swayne Shu
  • Tenant: Digestive Disease Care
  • Brokers: David Green & Aynsley Thaler - KSR
  • Lease Type: Retail Lease

This transaction involved notable figures: Swayne Shu acted as the landlord while Digestive Disease Care took on the role of the tenant. The brokers facilitating the lease were David Green and Aynsley Thaler from KSR, representing the interests of the involved parties.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker

Swayne Shu

Landlord

$12.4M

vol

4 deals

Landlord

Forest Hills Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93