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147 18 Archer Avenue

BRP Companies Leases Retail Space To 375 Chicken 'N Fries At 147-18 Archer Avenue
LEASEDRetail

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

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:

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.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker
BC
BRP CompaniesLandlord

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