Omni New York Leases Retail Space To Kidz Klub In Jamaica
92 168th Street & 23 168th Street
$40
$40/SF
Building Size
70,000 SF
Asset Type
Retail
Closing
Oct 16, 2023
About this deal
AI
The retail property located at 92-23 168th Street in Jamaica has been leased to Kidz Klub. The landlord, Omni New York, finalized the deal with the help of broker Greg Parassio from Booth Street. The lease is of the Modified Gross type, and the asking rent for the 32,500 square feet space is $40 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Date: 10/16/2023
- Market: Jamaica
- Landlord: Omni New York
- Tenant: Kidz Klub
- Broker: Greg Parassio - Booth Street
- Asking Rent: $40 per square foot (~ $1,300,000)
- Lease Type: Modified Gross
In this lease, Greg Parassio from Booth Street represented the interests of the Tenant, Kidz Klub, ensuring a successful agreement between the landlord, Omni New York, and the tenant.
On the Map
$40
$40/SF
Retail
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Players
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93