facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

84-11 37th Avenue

Pizza Hut & Jimmy John's Lease Retail Space In Flushing, Queens At 84-11 37th Avenue
LEASEDRetail

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

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker
Pizza Hut
Pizza HutTenant

Flushing, Queens Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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