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
About this deal
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.
On the Map
$60
$60/SF
Retail
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Players
Queens 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