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
About this deal
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].
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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