Brian Jaffe @Jaffe.Realty Represents Landlord Ed Katzen In Retail Lease Deal With Kumon North America At 12-17 Jackson Ave In LIC
12-17 Jackson Ave, Long Island City, NY 11101, USA
Building Size
2,100 SF
Asset Type
Retail
Closing
Nov 28, 2020
About this deal
AI
The retail property located at 12-17 Jackson Ave in LIC has been recently transacted. The property consists of a ground floor space spanning 2,100 square feet, along with a full basement. The asking price for this retail space was $40 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 12-17 Jackson Ave
- Market: LIC
- Tenant: @KumonNorthAmerica
- Landlord: Ed Katzen
- Broker: Brian Jaffe - Jaffe Realty
The tenant of this retail space is @KumonNorthAmerica. The landlord in this transaction is Ed Katzen. Brian Jaffe from Jaffe Realty acted as the broker in this deal.
On the Map
Retail
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Players
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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