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
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