Bluesky Day Care Leases Retail Space In Jamaica, Queens With Greg Parassio Representing Booth Street In Deal
92 168th Street & 23 168th Street
$7,700
$7,700/SF
Building Size
110 SF
Asset Type
Retail
Closing
Oct 18, 2023
AI
The retail property located at 92-23 168th Street in Jamaica, Queens has been leased in a closed transaction. The property is owned by Omni New York and the tenant for the space is Bluesky Day Care. The lease was facilitated by Greg Parassio from Booth Street.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $55/ft
- Square Footage: 7,700
- Lease Type: Modified Gross Lease
- Landlord: Omni New York
- Tenant: Bluesky Day Care
- Broker: Greg Parassio - Booth Street
The lease transaction for the retail property was completed with a modified gross lease agreement. The terms of the lease, including rent and other details, were negotiated between the landlord, Omni New York, and the tenant, Bluesky Day Care. Greg Parassio from Booth Street represented the tenant in the deal.
Players
Jamaica Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2060.13%
Cash-on-Cash
-588.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93