The property involved in this lease transaction is a retail space located at 89-10 Jamaica Avenue in Woodhaven, Queens. The asset type is classified as retail, consisting of a single-story building with a total square footage of 7,830. The asking rent for the property was set at $40 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $40/ft
• Square Footage: 7,830
• Address: 89-10 Jamaica Avenue
• Market: Woodhaven
• Landlord: ACHS Management Corp
• Tenant: Lavanderia Express
• Broker: Allie Beyda - BH Brokerage Group
• Lease Type: Retail Lease

This transaction was facilitated by Allie Beyda from BH Brokerage Group, representing the leasing of the former Rite Aid building. The property has been leased to a successful laundromat operator with multiple locations, highlighting its suitability for the tenant's business model. Additionally, the building's prime location provides excellent visibility on Jamaica Avenue.