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
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