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162-11 Jamaica Avenue, Jama...

Olgam Life Leases Retail Space On Jamaica Avenue In Jamaica
LEASEDRetail

Olgam Life Leases Retail Space On Jamaica Avenue In Jamaica

162-11 Jamaica Avenue, Jamaica, NY 11432

Building Size

10,700 SF

Asset Type

Retail

Closing

Jan 2, 2022

AI

The retail property located at 162-11 Jamaica Avenue in the Jamaica market has been leased. The lease transaction was facilitated by Josh Augenbaum from Augenbaum Realty Corp. The property spans 10,700 square feet and was leased to Olgam Life.

Summary of transaction details:

  • Property Type: Retail
  • Address: 162-11 Jamaica Avenue
  • Market: Jamaica
  • Landlord: Abe Betesh & Joseph Betesh
  • Tenant: Olgam Life
  • Broker: Josh Augenbaum - Augenbaum Realty Corp.

Please note that @AugenbaumRealtyNY is actively seeking additional sites with one level space ranging from 7,500 square feet to 10,000 square feet. The space can be on the ground, lower level, or 2nd floor, but it must have handicap accessibility. The desired rent range for these sites is $25-40 per square foot. For more information, you can contact Josh at [email protected].

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker

Joseph Betesh

Landlord

2 deals

Landlord
OL
Olgam LifeTenant

New York 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