LEASEDRetail
Hands Of Hope Leases 1,780 Square Feet Retail Space At 111-17a Queens Blvd Forest Hills
111-17a Queens Blvd
Building Size
1,780 SF
Asset Type
Retail
Closing
Jan 1, 2024
AI
The property involved in the transaction is a retail asset located at 111-17a Queens Blvd in Forest Hills. The asset covers an area of 1,780 square feet and is part of the retail market. The lease agreement is dated 01/01/2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 111-17a Queens Blvd
- Market: Forest Hills
- Square Feet: 1,780.0
- Tenant: Hands of Hope
- Landlord: Cord Meyers
- Brokers: Thomas Caliendo - Tide Realty Group
This transaction features Hands of Hope as the tenant, entering into a lease with landlord Cord Meyers, facilitated by broker Thomas Caliendo of Tide Realty Group. The details highlight the engagement of the parties involved in the lease agreement.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93