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91-33 Queens Blvd, Elmhurst...

Boston Market Signs Lease For Retail Space At 91-33 Queens Blvd. In Elmhurst
LEASEDRetail

Boston Market Signs Lease For Retail Space At 91-33 Queens Blvd. In Elmhurst

91-33 Queens Blvd, Elmhurst, NY, USA

Building Size

3,360 SF

Asset Type

Retail

Closing

May 2, 2021

AI

The retail property located at 91-33 Queens Blvd in Elmhurst has recently been leased. The asset spans a total of 3,360 square feet and was listed with an asking rent of $100 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 91-33 Queens Blvd
  • Market: Elmhurst
  • Tenant: Boston Market
  • Landlord: Myles Menowitz - Queens Crossroads
  • Tenant's Representative: George Skaliarinis - Sabre RE Advisors
  • Landlord's Representatives: Zalman Kamish, Marc Sitt, and Jack Khaski
  • Asking Rent: $100/ft.
  • Square Footage: 3,360

In this transaction, Boston Market has leased the retail space from Myles Menowitz, who represents Queens Crossroads. The deal was facilitated by George Skaliarinis from Sabre RE Advisors. Zalman Kamish, Marc Sitt, and Jack Khaski represented the landlord in this lease agreement.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker

Myles Menowitz

Landlord

2 deals

Landlord
BM
Boston MarketTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93