Ken Daizy Leases Retail Space To Lucy's Restaurant At 39-41 Queens Boulevard In Sunnyside
39-41 Queens Boulevard
$100
$100/SF
Building Size
2,700 SF
Asset Type
Retail
Closing
Nov 1, 2024
AI
The property involved in the transaction is located at 39-41 Queens Boulevard within the Sunnyside market. It is classified as a retail asset with a total square footage of 2,700. The asking rent for the property was set at $100 per square foot under a retail lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 2,700
- Address: 39-41 Queens Boulevard
- Market: Sunnyside
- Landlord: Ken Daizy
- Tenant: Lucy's Restaurant
- Brokers: Solomon Sharaby, Nathan Aballi, Joshua Berkun & Will Fang - KSR
The deal involved key individuals from KSR representing both sides. Solomon Sharaby, Nathan Aballi, Joshua Berkun, and Will Fang played significant roles in facilitating the lease between the landlord, Ken Daizy, and the tenant, Lucy's Restaurant.
Players
Sunnyside 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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93