Pizza Hut & Jimmy John's Lease Retail Space In Flushing, Queens At 84-11 37th Avenue
84-11 37th Avenue
$90
$90/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Dec 15, 2022
AI
The retail property located at 84-11 37th Avenue in Flushing, Queens has been leased. The tenant, Pizza Hut & Jimmy John's, will occupy the space, which spans approximately 2,500 square feet. The lease was facilitated by broker Bruce Herman of Booth Street. The property was listed with an asking rent of $90 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 12/15/2022
- Address: 84-11 37th Avenue, Flushing, Queens
- Tenant: Pizza Hut & Jimmy John's
- Landlord: Charlie Patel
- Broker: Bruce Herman - Booth Street
- Asking Rent: $90 per square foot
- Square Footage: 2,500
The lease transaction was facilitated by broker Bruce Herman from Booth Street. Charlie Patel is the landlord of the property. Pizza Hut and Jimmy John's will now occupy the retail space located at 84-11 37th Avenue in Flushing, Queens. The lease was agreed upon for the size of approximately 2,500 square feet with an asking rent of $90 per square foot.
Players
Flushing, 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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93