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
About this deal
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.
On the Map
Retail
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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