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69 02 Queens Boulevard

Madison Realty Capital Leases Retail Space To Filomena's Cafe At 69-02 Queens Boulevard
LEASEDRetail

Madison Realty Capital Leases Retail Space To Filomena's Cafe At 69-02 Queens Boulevard

69 02 Queens Boulevard

$40

$40/SF

Building Size

2,700 SF

Asset Type

Retail

Closing

Sep 24, 2025

AI

This retail asset located at 69-02 Queens Boulevard in the Woodside market encompasses a total space of 2,700 square feet. The asking rent for this property was set at $40 per square foot, and the transaction involved a single net lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $40/ft
  • Lease Type: Single Net Lease
  • Landlord: Madison Realty Capital
  • Tenant: Filomena's Cafe
  • Landlord's Representative: James Famularo & Cory Rywalt - Meridian Capital Group
  • Broker: Jacob Mayer - Meridian Capital Group
  • Date: 9/25/2025

This lease transaction reflects the efforts of the broker, Jacob Mayer from Meridian Capital Group, who noted that the space had been vacant for several years before successfully leasing it to a local operator within a few months, emphasizing the effectiveness of their approach to retail leasing.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Madison Realty Capital
Madison Realty CapitalLandlord

Woodside 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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93