Alex Lau Of Ampiera Group Leases Retail Space To Bite & Butter In Sunnyside For $115/ft
43 19 Queens Boulevard
Building Size
1,300 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 43-19 Queens Boulevard, Sunnyside. The space encompasses 1,300 square feet and is being leased at an asking rent of $115 per square foot. The lease is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $149,500
- Address: 43-19 Queens Boulevard
- Market: Sunnyside
- Landlord: Alex Lau - Ampiera Group
- Tenant: Bite & Butter
- Tenant's Representative: Jordan Langer - Meridian Capital Group
This deal involved key individuals including Alex Lau representing Ampiera Group as the landlord, and Jordan Langer from Meridian Capital Group representing the tenant, Bite & Butter. Their involvement highlights the collaboration between the landlord and tenant representatives to finalize 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
137939.13%
Cash-on-Cash
-39423.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93