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168-19 Baisley Boulevard

Donovan Robinson Leases Retail Space At 168-19 Baisley Blvd, Jamaica, Queens
LEASEDRetail

Donovan Robinson Leases Retail Space At 168-19 Baisley Blvd, Jamaica, Queens

168-19 Baisley Boulevard

$45

$45/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Mar 1, 2024

AI

The retail property located at 168-19 Baisley Boulevard in Jamaica, Queens, was leased in a transaction involving Larry Cook as the landlord and Donovan Robinson as the tenant. The deal was facilitated by brokers Josh Goldflam and Anthony Volman from Highcap Group. The property features a total square footage of 5,000 and was leased on a Modified Gross Lease basis with an asking rent of $45 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 168-19 Baisley Boulevard
  • Market: Jamaica, Queens
  • Landlord: Larry Cook
  • Tenant: Donovan Robinson
  • Brokers: Josh Goldflam & Anthony Volman - Highcap Group
  • Asking Rent: $45/ft
  • Lease Type: Modified Gross Lease
  • Square Footage: 5,000

The lease transaction at 168-19 Baisley Boulevard involved Larry Cook as the landlord and Donovan Robinson as the tenant. Brokers Josh Goldflam and Anthony Volman from Highcap Group represented the parties in the deal, showcasing their expertise in retail property leasing in Jamaica, Queens.

Players

Josh Goldflam

Highcap Group

Broker

$278.1M

vol

29 deals

Broker

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93