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111-17a Queens Blvd

Hands Of Hope Leases 1,780 Square Feet Retail Space At 111-17a Queens Blvd Forest Hills
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:

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

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

45 deals

Broker
CM
Cord MeyersLandlord
HH
Hands of HopeTenant

Forest Hills 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93