Omni New York Leases Retail Space To Target Park At 92-23 168th Street In Jamaica
92 168th Street & 23 168th Street
$10
$10/SF
Building Size
140,000 SF
Asset Type
Retail
Closing
Sep 7, 2023
AI
A retail property located at 92-23 168th Street in Jamaica has been leased. The property, measuring 70,000 square feet, was leased by Target Park. The landlord for this transaction is Omni New York. The lease was facilitated by brokers Brian Doyle and Greg Parassio of Booth Street.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 92-23 168th Street
- Market: Jamaica
- Tenant: Target Park
- Landlord: Omni New York
- Brokers: Brian Doyle & Greg Parassio - Booth Street
Brian Doyle and Greg Parassio of Booth Street represented the tenant, Target Park, in this lease deal.
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
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93