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Starbucks Leases Retail Space In Rosedale, NY At 240-10 Merrick Blvd. With Landlord Cynthia Rich - Ivy Realty

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LEASED

New York

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Retail25,015 SF
Leased 06/15/2020
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Property Image
LEASED

Starbucks Leases Retail Space In Rosedale, NY At 240-10 Merrick Blvd. With Landlord Cynthia Rich - Ivy Realty

240-10 Merrick Blvd, Jamaica, NY, USA

See Similar Deals
Retail25,015 SF
Leased 06/15/2020
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:25,015 SF
Transaction Type:Lease

The retail property located at 240-10 Merrick Blvd. in Rosedale has been leased to Starbucks. The transaction was finalized on 06/15/2021.

Summary of transaction details:

  • Property Type: Retail
  • Address: 240-10 Merrick Blvd.
  • Market: Rosedale
  • Tenant: Starbucks
  • Landlord: Cynthia Rich - Ivy Realty
  • BROKERS: Richard Senior - RIPCO Real Estate, Chris Walther, Doug Weinstein
  • Asking Rent: $20/ft.
  • Building Square Footage: 25,015

The deal was negotiated by Richard Senior from RIPCO Real Estate, along with Chris Walther and Doug Weinstein. Cynthia Rich represented Ivy Realty as the landlord. The lease agreement includes an asking rent of $20 per square foot for the 25,015 square feet retail space.

Players

Doug Weinstein
3 deals$4.5M volume
BROKER

Richard Senior
Ripco
12 deals$11.9M volume
BROKER


Ivy Realty
BROKERAGE

Ivy Realty
LANDLORD

Starbucks
TENANT

Details

LEASED
IMAGE: Richard Senior & Chris Walther DATE: 06/15/2021 ADDRESS: 240-10 Merrick Blvd. MARKET: Rosedale ASSET TYPE: Retail TENANT: @Starbucks ☕️ LANDLORD: Cynthia Rich - Ivy Realty BROKERS: Richard Senior @RIPCORealEstate, Chris Walther (@CW_Retail_Leasing) & Doug Weinstein ASKING RENT: $20/ft. ~ BSF: 25,015

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Deal Type
Effective Rent (Annual)

$1,433,844.70

Total Lease Value

$14,338,447.05

Net Landlord Cash Flow$1,433,844.70