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6201 Northern BLVD, Queens,...

ReStore Leases 4100 Square Feet At 6201 Northern Blvd In Jackson Heights With Pliskin Realty
LEASEDRetail

ReStore Leases 4100 Square Feet At 6201 Northern Blvd In Jackson Heights With Pliskin Realty

6201 Northern BLVD, Queens, NY, 113...

Building Size

4,100 SF

Asset Type

Retail

Closing

Nov 25, 2015

AI

The property asset involved in the transaction is located at 6201 Northern Blvd, Queens, NY. The total square footage of the lease is 4,100 SF, situated in the Jackson Heights market. The deal involves ReStore, a nonprofit home improvement store and donation center affiliated with Habitat for Humanity.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 6201 Northern BLVD, Queens, NY, 113...
  • Market: Jackson Heights
  • Tenant: ReStore
  • Landlord: Pliskin Realty and Development, INC
  • Tenant's Rep: Dean Rosenzweig, Jeremy Scholder (CBRE)
  • Landlord's Rep: Christopher Wierzbicki (INC)
  • Square Feet: 4100

The key individuals involved in the deal include the tenant representatives, Dean Rosenzweig and Jeremy Scholder, both associated with CBRE. The landlord, Pliskin Realty and Development, was represented by Christopher Wierzbicki in-house during this transaction.

Players

Dean Rosenzweig

Broker

$25.5M

vol

13 deals

Broker

Jackson Heights 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