H&M Leases Retail Space At 16008 Jamaica Ave In Queens For $100/SF
16008 Jamaica Ave, Queens, NY, 11432
$100
$100/SF
Building Size
35,000 SF
Asset Type
Retail
Closing
Sep 23, 2016
About this deal
AI
The property located at 16008 Jamaica Ave, Queens, NY, 11432 in the Jamaica market is a retail asset spanning 35,000 square feet. The lease, finalized on 09/23/2016, involves H&M as the tenant, leasing the space from the landlord, United American Land, at a rate of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Tenant: H&M
- Landlord: United American Land
- Tenant's Rep: Ralph Chera
- Landlord's Rep: Robert (Bob) Gibson (JLL)
The deal's key individuals in this lease transaction were Ralph Chera, representing H&M, and Robert (Bob) Gibson from JLL, representing United American Land. The agreement brought together these representatives to facilitate the leasing of the retail space in the vibrant Jamaica market.
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