Popeyes Signs Lease For Retail Space At 88-08 Northern Boulevard In New York City
88-08 Northern Boulevard
$125
$125/SF
Building Size
1,900 SF
Asset Type
Retail
Closing
Jan 11, 2023
About this deal
AI
A retail property located at 88-08 Northern Boulevard in New York City has been leased. The property, measuring 1,900 square feet in size, was leased by Popeyes from the landlord, White Castle System, Inc. The leasing transaction was facilitated by Greg Parassio from Booth Street. The asking rent for the property was $125 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 88-08 Northern Boulevard, New York City
- Tenant: Popeyes
- Landlord: White Castle System, Inc
- Broker: Greg Parassio - Booth Street
- Asking Rent: $125 per square foot
This lease transaction involved the leasing of a retail space at 88-08 Northern Boulevard in New York City. Popeyes, represented by broker Greg Parassio from Booth Street, leased the 1,900 square feet property from White Castle System, Inc.
Players
Market 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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93