Chai Urgent Care Leases Retail Space In Long Island City
26-26 Jackson Avenue, Queens, New York 11101, United States
Building Size
2,700 SF
Asset Type
Retail
Closing
Feb 23, 2022
AI
Chai Urgent Care has recently agreed to lease retail space at 26-26 Jackson Ave. in Long Island City. The property, spanning approximately 2,700 square feet, is owned by Crosstown Limo Realty and represented by Rafael Mordukhaev. The lease transaction was facilitated by Eddie Mamiye and Meyer Dagmy from MODCRE. The agreed upon asking rent for the retail space was $100 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 02/24/2022
- Address: 26-26 Jackson Ave.
- Market: Long Island City
- Landlord: Crosstown Limo Realty - Rafael Mordukhaev
- Tenant: Chai Urgent Care - Yoni Hadar & Eddy Salameh
- Brokers: Eddie Mamiye & Meyer Dagmy - MODCRE
- Asking Rent: $100/ft.
- Square Footage: 2,700
The lease transaction between Chai Urgent Care and Crosstown Limo Realty for the retail space at 26-26 Jackson Ave. was successfully negotiated with the assistance of Eddie Mamiye and Meyer Dagmy from MODCRE. Chai Urgent Care, represented by Yoni Hadar and Eddy Salameh, will now be operating their urgent care facility at this location in Long Island City.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93