BRP Companies Leases Retail Space To 375 Chicken 'N Fries At 147-18 Archer Avenue
147 18 Archer Avenue
$100
$100/SF
Building Size
1,580 SF
Asset Type
Retail
Closing
Feb 14, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 147-18 Archer Avenue in Jamaica, Queens. The lease type is a Modified Gross Lease, and the asking rent is $100 per square foot for a total area of 1,580 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $158,000
- Landlord: BRP Companies
- Tenant: 375 Chicken 'N Fries
- Landlord's Representative: Diana Boutross - Cushman & Wakefield
- Tenant's Representative: Aric Trakhtenberg - Newmark
The deal features 375 Chicken 'N Fries, a quick-service restaurant chain developed and led by Michelin-level chef Stephane Lemagnen, known for his work in Parisian restaurants and private celebrity homes. The business continues to expand throughout New York City.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93