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91-33 Queens Boulevard

The Dermatology Specialist Leases Retail Space On Queens Boulevard In Elmhurst
LEASEDRetail

The Dermatology Specialist Leases Retail Space On Queens Boulevard In Elmhurst

91-33 Queens Boulevard

$118

$118/SF

Building Size

2,560 SF

Asset Type

Retail

Closing

Oct 2, 2023

AI

The Dermatology Specialist has signed a lease for a retail space located at 91-33 Queens Boulevard in Elmhurst. The property spans 2,560 square feet and the asking rent for the space is $118 per square foot. The lease transaction was completed on October 2, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 91-33 Queens Boulevard
  • Market: Elmhurst

On the landlord's side, Myles Menowitz represented the property. The tenant, The Dermatology Specialist, was represented by Michael Yadgard from Compass and Jeremy Scholder from CBRE. The landlord's representatives involved in the deal were Marc Sitt, Mark Gallucci, and George Skaliarinis from KSR.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker

Myles Menowitz

Landlord

2 deals

Landlord

Kew Gardens 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

134432.20%

Cash-on-Cash

-38421.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93