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71-08 Kissena Boulevard

Magic Tree Dispensary Leases Retail Space In Queens At 71-08 Kissena Boulevard
LEASEDRetail

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

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

Josh Goldberg

Landlord

$6.6M

vol

6 deals

Landlord

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