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91-30 Van Wyck Expressway

AIDS Healthcare Foundation Leases Retail Space At 91-30 Van Wyck Expy In Jamaica, Queens
LEASEDRetail

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

Adam Heller

The Heller Organization

Broker

5 deals

Broker
AF
AIDS Healthcare FoundationTenant

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