LEASEDRetail
Fitness Factory Signs Retail Lease For 25,000 Square Feet On Jamaica Avenue In Queens
162-11 Jamaica Avenue
$40
$40/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Jun 17, 2026
About this deal
AI
The retail asset involved in this transaction is located at 162-11 Jamaica Avenue in the Jamaica market. The tenant, Fitness Factory, has signed a retail lease for a total of 25,000 square feet across four floors, with an asking rent of $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,000,000
- Tenant: Fitness Factory
- Brokers: Eli Yadid & Ori Melloul - KSR
- Lease Type: Retail Lease
Eli Yadid and Ori Melloul, both from KSR, acted as the brokers representing the lease transaction with Fitness Factory, assisting in bringing this health club to the community.
On the Map
$40
$40/SF
Retail
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Players
Queens 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93