Dollar Tree Leases Retail Space On Cross Bay Blvd, Queens For 9,999 SF
13720 Cross Bay BLVD, Queens, NY, 1...
Building Size
9,999 SF
Asset Type
Retail
Closing
Apr 5, 2018
AI
The dollar store chain Dollar Tree signed a lease for 9,999 square feet of retail space at 137-20 Cross Bay Boulevard in Queens' Ozone Park. The landlord, Cross Bay Associates, was represented by Richard Senior of Ripco Real Estate in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 137-20 Cross Bay Boulevard, Queens, NY
- Market: Ozone Park
- Tenant: Dollar Tree
- Landlord: Cross Bay Associates
- Square Feet: 9,999
- Landlord's Rep: Richard Senior (Ripco)
Richard Senior of Ripco Real Estate played a dual role in this lease agreement, representing both the tenant, Dollar Tree, and the landlord, Cross Bay Associates, showcasing his expertise in facilitating commercial real estate deals in the Queens area.
Players
Ozone Park 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