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
About this deal
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.
On the Map
$40
$40/SF
Retail
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Players
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