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64-02 108th Street

Centers Urgent Care Leases Retail Space At 64-02 108th Street In New York City
LEASEDRetail

Centers Urgent Care Leases Retail Space At 64-02 108th Street In New York City

64-02 108th Street

$100

$100/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Nov 15, 2022

AI

A retail property located at 64-02 108th Street in New York City has been leased. The property, spanning 3,000 square feet, was leased by Centers Urgent Care from the landlord, Malachite Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 64-02 108th Street, New York City
  • Tenant: Centers Urgent Care
  • Landlord: Malachite Group

Nick Zweig from Locations Commercial Real Estate represented the landlord in this lease deal.

Players

Nick Zweig

Broker

$14.4M

vol

10 deals

Broker
MG
Malachite GroupLandlord
CC
Centers Urgent CareTenant

New York City 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93