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40-15 Queens Blvd

Chipotle Leases 3,000 Square Feet Retail Space At 40-15 Queens Blvd From AAG Management Inc
LEASEDRetail

Chipotle Leases 3,000 Square Feet Retail Space At 40-15 Queens Blvd From AAG Management Inc

40-15 Queens Blvd

Building Size

3,000 SF

Asset Type

Retail

Closing

Jan 1, 2023

AI

The property asset involved in the transaction is a retail space located at 40-15 Queens Blvd in the Sunnyside market. The total square footage of the property is 3,000 square feet. The transaction pertains to a lease agreement dated 01/01/2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 40-15 Queens Blvd
  • Market: Sunnyside
  • Landlord: AAG Management Inc.
  • Tenant: Chipotle
  • Brokers: Ben Weiner, Thomas Caliendo (Tide Realty Group)

Key individuals involved in the transaction include the tenant Chipotle and the landlord AAG Management Inc. Ben Weiner and Thomas Caliendo from Tide Realty Group represented the landlord and played a crucial role in facilitating the lease agreement.

Players

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

45 deals

Broker
AI
AAG Management Inc.Landlord
C
ChipotleTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93