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115 53 Sutphin Boulevard

Laundrybee Leases Retail Space From Koptiev Family At 115-53 Sutphin Boulevard In Jamaica
LEASEDRetail

Laundrybee Leases Retail Space From Koptiev Family At 115-53 Sutphin Boulevard In Jamaica

115 53 Sutphin Boulevard

$51

$51/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Dec 23, 2025

AI

The asset involved in this transaction is a retail property located at 115-53 Sutphin Boulevard, in the Jamaica market. The lease agreement features an asking rent of $51 per square foot for a total space of 10,000 square feet. The lease type established is a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $51/ft
  • Square Footage: 10,000
  • Address: 115-53 Sutphin Boulevard
  • Market: Jamaica
  • Landlord: Koptiev Family
  • Tenant: Laundrybee
  • Brokers: Noam Aziz & Aaron Harounian - Meridian Capital Group

The transaction includes key representatives in the process, with Noam Aziz and Aaron Harounian from Meridian Capital Group acting as brokers, facilitating the lease between the Koptiev Family and Laundrybee. Their involvement underscores the professional support behind the property leasing agreement.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

311039.22%

Cash-on-Cash

-88895.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93