Winner168inc Leases Retail Space At 72-03 Forest Avenue In New York City
72-03 Forest Ave Queens, NY 11385, USA
$55
$55/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 15, 2023
AI
The retail property located at 72-03 Forest Avenue in New York City has recently been leased. The transaction took place on July 15, 2023.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $55/ft
- Square Footage: 1,000
Sher Management, represented by Shulem Herman, acted as the landlord in this lease. Winner168inc will be the tenant occupying the retail space. The brokers involved in the deal were David Quigua and David Korn, who represented EXR.
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93