City Dollar Leases Retail Space At 78-14 Roosevelt Ave In Jackson Heights, Queens
78-14 Roosevelt Avenue, Jackson Heights, Queens, NY, USA
Building Size
7,000 SF
Asset Type
Retail
Closing
Jun 15, 2020
AI
The retail property located at 78-14 Roosevelt Ave in Jackson Heights, Queens has been leased. The lease was signed on June 15, 2021. The property spans a total square footage of 7,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Lease Date: 06/15/2021
- Address: 78-14 Roosevelt Ave
- Market: Jackson Heights, Queens
The tenant of the property is City Dollar, a retail store. The landlord for this lease is Jack Cohen. The lease deal was facilitated by brokers Zalman Kamish and Jack Khaski from Kassin Sabbagh Realty.
The asking rent for this lease was $45 per square foot.
Players
Elmhurst 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