Sugarcube Leases Retail Space At 4009 82nd St. In Jackson Heights, Queens
40-09 82nd Street, Queens, New York 11373, United States
Building Size
3,000 SF
Asset Type
Retail
Closing
Mar 29, 2021
About this deal
AI
Roosevelt Avenue Enterprises, owned by Morton Kriger, has leased a retail space located at 4009 82nd St in Jackson Heights, Queens. The space, measuring 1,100 square feet, was leased to Sugarcube. The deal was facilitated by broker Jessilyn Chen. The asking rent for the space was $128 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 4009 82nd St, Jackson Heights, Queens
- Market: Jackson Heights, Queens
- Landlord: Roosevelt Avenue Enterprises - Morton Kriger
- Tenant: Sugarcube
- Broker: Jessilyn Chen
- Asking Rent: $128 per square foot
- Square Footage: 1,100
This lease deal involves Roosevelt Avenue Enterprises, headed by Morton Kriger, as the landlord and Sugarcube as the tenant. The transaction was facilitated by broker Jessilyn Chen. The retail space, measuring 1,100 square feet, is located at 4009 82nd St in Jackson Heights, Queens. The asking rent for the space was $128 per square foot.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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