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
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