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
About this deal
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.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93