Ilan Cohen Leases Retail Space At 115-02 Merrick Boulevard To John's Farmer Market
115-02 Merrick Boulevard
$50
$50/SF
Building Size
11,000 SF
Asset Type
Retail
Closing
Sep 4, 2024
AI
The property involved in this lease transaction is located at 115-02 Merrick Boulevard in St Albans, Queens. It is a retail asset with a total square footage of 11,000. The asking rent for the space is $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50/ft
- Square Footage: 11,000
- Address: 115-02 Merrick Boulevard
- Market: St Albans, Queens
- Landlord: Ilan Cohen
- Tenant: John's Farmer Market
- Brokers: George Skaliarinis, Mark Gallucci & Solomon Tbeile - KSR
- Lease Type: Retail Lease
The deal features Ilan Cohen as the landlord and John's Farmer Market as the tenant. The transaction was facilitated by brokers George Skaliarinis, Mark Gallucci & Solomon Tbeile, representing KSR in the lease agreement.
Players
Jamaica 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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93