Maya’s Snack Bar Leases 1,500 SF Retail Space In Queens For $65 NNN - Solil Management
3440 Junction Blvd, Jackson Heights, NY 11372, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 21, 2020
About this deal
AI
A retail property located at 3440 Junction Blvd in Queens has recently been leased. The tenant, Maya's Snack Bar, will be occupying a space measuring 1,500 square feet. The landlord of the property is Solil Management. The lease transaction was facilitated by Nicolas Nitu from Habendumre. The asking rent for the space was $65 per square foot.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $65
- Square Footage: 1,500
- Address: 3440 Junction Blvd, Queens
- Tenant: Maya's Snack Bar
- Landlord: Solil Management
- Broker: Nicolas Nitu - Habendumre
- Contact: Habendum Real Estate - Office: 917-261-6561, Nicolas Nitu: 917-885-4878
Habendumre, specializing in commercial leasing and sales, represents landlords and tenants in various real estate transactions.
On the Map
Retail
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Players
Jackson Heights 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