Magic Tree Dispensary Leases Retail Space In Queens At 71-08 Kissena Boulevard
71-08 Kissena Boulevard
$60
$60/SF
Building Size
3,140 SF
Asset Type
Retail
Closing
Sep 12, 2022
AI
The property asset involved in the transaction is a retail space located at 71-08 Kissena Boulevard in Queens. The asking rent for the space is $60 per square foot for a total area of 3,140 square feet. The asset is positioned in the Queens market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $189,000
- Address: 71-08 Kissena Boulevard
- Market: Queens
- Landlord: Josh Goldberg
- Tenant: Magic Tree Dispensary
- Brokers: Claude Kolb & Jeff Geoghegan - KSR
- Asking Rent: $60/ft.
- Size: 3,140 SF
In this transaction, Josh Goldberg represents the landlord, while the tenant, Magic Tree Dispensary, entered into a lease agreement under the guidance of brokers Claude Kolb and Jeff Geoghegan from KSR. Their participation facilitated the completion of this lease deal.
Players
New York 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93