Municipal Credit Union Leases 6,000 SF Retail Space At 16215 Jamaica Avenue In Jamaica
16215 Jamaica Avenue
$110
$110/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Sep 1, 2026
About this deal
AI
The property located at 16215 Jamaica Avenue in Jamaica is a retail asset with a total square footage of 6,000. The tenant, Municipal Credit Union - MCU, has secured a retail lease with an asking rent of $110 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Square Footage: 6,000
- Address: 16215 Jamaica Avenue
- Market: Jamaica
- Landlord's Representative: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
- Tenant's Representative: Jordan Kaplan - CBRE
Josh Augenbaum and Murray Mizrachi from Augenbaum Realty represent the landlord in this transaction, while Jordan Kaplan from CBRE represents the tenant. Augenbaum Realty Corp. has noted that this location is now fully leased, confirming the successful conclusion of this lease agreement.
On the Map
$110
$110/SF
Retail
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Players
Jamaica 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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93