LEASEDRetail
Midwood Investment & Development Leases Retail Space In Jackson Heights To Real Taco
75-03 Roosevelt Avenue, Jackson Heights, NY, 11372, USA
Building Size
1,900 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
Midwood Investment & Development has leased a retail space located at 75-03 Roosevelt Ave in Jackson Heights. The property covers an area of 1,900 square feet and was leased to Real Taco.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 11/01/2021
- Address: 75-03 Roosevelt Ave
- Market: Jackson Heights
- Landlord: Midwood Investment & Development
- Tenant: Real Taco
- Tenant's Representative: Daniel Kestenbaum & Albert Halawani
- Landlord's Representative: Daniel DePasquale
- Asking Rent: $110/ft
- Square Footage: 1,900 sq ft
Daniel Kestenbaum and Albert Halawani from Kassin Sabbagh Realty represented Real Taco in this lease transaction.
On the Map
Retail
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Players
Jackson Heights 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93