Omni New York Leases Retail Space To Kidz Klub In Jamaica
LEASED
$40
New York
See Similar DealsRetail102,500 SF
Leased 10/16/2023
LEASED
Omni New York Leases Retail Space To Kidz Klub In Jamaica
92 168th Street & 23 168th Street
See Similar DealsRetail102,500 SF
Leased 10/16/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:102,500 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,700,190.52
Total Lease Value
$47,001,905.18
Net Landlord Cash Flow$4,700,190.52
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