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16008 Jamaica Ave, Queens, ...

H&M Leases Retail Space At 16008 Jamaica Ave In Queens For $100/SF
LEASEDRetail

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

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.

Players

Ralph Chera

Broker

4 deals

Broker
United American Land
United American LandLandlord

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