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92 168th Street

Omni New York Leases Retail Space To Target Park At 92-23 168th Street In Jamaica
LEASEDRetail

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

Brian Doyle

Booth Street

Broker

9 deals

Broker
OY
Omni New YorkLandlord
TP
Target ParkTenant

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