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
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