AIDS Healthcare Foundation Leases Retail Space At 91-30 Van Wyck Expy In Jamaica, Queens
91-30 Van Wyck Expressway
$55
$55/SF
Building Size
27,275 SF
Asset Type
Retail
Closing
Sep 23, 2022
AI
The retail property located at 91-30 Van Wyck Expy. in Jamaica, Queens was recently leased. The property spans approximately 27,275 square feet and was leased by AIDS Healthcare Foundation. The landlord of the property is Werber Management. The leasing transaction was facilitated by the brokers Adam Heller, Josh Singer, and Steve Weber from The Heller Organization. The asking rent for the property was $55 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 91-30 Van Wyck Expy.
- Market: Jamaica, Queens
- Landlord: Werber Management
- Tenant: AIDS Healthcare Foundation
- Brokers: Adam Heller, Josh Singer & Steve Weber - The Heller Organization
- Asking Rent: $55/ft.
- Square Footage: 27,275
The leasing deal involved the collaboration of Adam Heller, Josh Singer, and Steve Weber from The Heller Organization, who acted as representatives for AIDS Healthcare Foundation, the tenant. The leasing terms agreed upon with Werber Management, the landlord, resulted in the successful transaction for the retail property located at 91-30 Van Wyck Expy. in Jamaica, Queens.
Players
New York 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93