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1602 Cross Bay BLVD, Queens...

Chipotle Mexican Grill Leases 2300 Square Feet At 1602 Cross Bay Blvd In Ozone Park
LEASEDRetail

Chipotle Mexican Grill Leases 2300 Square Feet At 1602 Cross Bay Blvd In Ozone Park

1602 Cross Bay BLVD, Queens, NY, 11...

Building Size

2,300 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 1602 Cross Bay Blvd, Ozone Park, Queens, NY. It encompasses a total area of 2,300 square feet and is represented as a lease. The landlord for this lease is Crown Retail Services.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1602 Cross Bay Blvd, Queens, NY
  • Market: Ozone Park
  • Square Feet: 2300
  • Tenant: Chipotle Mexican Grill
  • Landlord's Representative: Isaac Mograby

The deal involved Chipotle Mexican Grill as the tenant, who will occupy the leased space managed by Crown Retail Services. Isaac Mograby acted as the representative for the landlord in this transaction.

Players

Isaac Mograby

Broker

$36.2M

vol

6 deals

Broker
CG
Chipotle Mexican GrillTenant

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