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92 168th Street

Bluesky Day Care Leases Retail Space In Jamaica, Queens With Greg Parassio Representing Booth Street In Deal
LEASEDRetail

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

Greg Parassio

Booth Street

Broker

22 deals

Broker
OY
Omni New YorkLandlord

Jamaica 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

2060.13%

Cash-on-Cash

-588.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93