Chai Urgent Care Leases Retail Space In Ridgewood At 57-09 Myrtle Ave
57-09 Myrtle Avenue, Queens, New York 11385, United States
Building Size
3,139 SF
Asset Type
Retail
Closing
Jan 30, 2022
About this deal
AI
The retail property located at 57-09 Myrtle Ave. in Ridgewood has been leased. The asset spans 3,139 square feet and was leased by Chai Urgent Care – Yoni Hadar & Eddy Salameh. The transaction was facilitated by broker Pinny Lichtman. The lease was signed with a monthly rent of $85 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Date: 01/31/2022
- Address: 57-09 Myrtle Ave.
- Market: Ridgewood
- Landlord: Peter Botsaris
- Tenant: Chai Urgent Care – Yoni Hadar & Eddy Salameh
- Broker: Pinny Lichtman
- Monthly Rent: $85/ft.
- Square Footage: 3,139
Yoni Hadar and Eddy Salameh, representing Chai Urgent Care, successfully leased the retail property on Myrtle Ave in Ridgewood. Their broker, Pinny Lichtman, played a crucial role in facilitating the transaction.
Players
New York 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