SOLA Leases 10,000 SF Retail Space To CRGE On Queens Boulevard For 10 Years
LEASED
$50
New York
See Similar DealsRetail10,000 SF
Leased 02/02/2026
LEASED
SOLA Leases 10,000 SF Retail Space To CRGE On Queens Boulevard For 10 Years
72 01 Queens Boulevard
See Similar DealsRetail10,000 SF
Leased 02/02/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:10,000 SF
Transaction Type:Lease
The asset involved in the transaction is a retail property located at 72-01 Queens Boulevard in the Woodside market. The asking rent is set at $50 per square foot, with a total area of 10,000 square feet. The lease term agreed upon is 10 years, under a Modified Gross Lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50/ft
- Address: 72-01 Queens Boulevard
- Market: Woodside
- Asset Size: 10,000 SF
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: SOLA
- Tenant: CRGE
- Broker: Aaron Aziz - ARA
The transaction was facilitated by Aaron Aziz from ARA, who represented both the landlord, SOLA, and the tenant, CRGE. CRGE is described as a luxury and exclusive, members-only fitness facility that is in the process of expanding within New York City. ARA enhances leasing opportunities tailored for both owners and tenants in commercial spaces.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$573,193.97
Total Lease Value
$5,731,939.66
Net Landlord Cash Flow$573,193.97
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