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3440 Junction Blvd, Jackson...

Maya’s Snack Bar Leases 1,500 SF Retail Space In Queens For $65 NNN - Solil Management
LEASEDRetail

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

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.

Players

Nicolas Nitu

Habendum Real Estate

Broker

8 deals

Broker
Solil Management
Solil ManagementLandlord

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