Omni Management Group Leases Retail Space To Aldi Supermarket In Jamaica
LEASED
$36
New York
See Similar DealsRetail17,655 SF
Leased 05/02/2024
LEASED
Omni Management Group Leases Retail Space To Aldi Supermarket In Jamaica
92-23 168th Street
See Similar DealsRetail17,655 SF
Leased 05/02/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$36
Total Square Footage:17,655 SF
Transaction Type:Lease
The retail property located at 92-23 168th Street in Jamaica, Queens, was leased to Aldi Supermarket in a Modified Gross Lease agreement. The lease rent for the 17,655 square feet space was set at $36 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $36/ft ~ SF: 17,655
- Address: 92-23 168th Street
- Market: Jamaica, Queens
- Landlord: Omni Management Group
- Tenant: Aldi Supermarket
- Broker: Greg Parassio - Booth Street
- Lease Type: Modified Gross Lease
Greg Parassio of Booth Street represented the landlord, Omni Management Group, in the leasing transaction with Aldi Supermarket. The deal marks a significant agreement in the retail space market of Jamaica, Queens.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$728,621.24
Total Lease Value
$7,286,212.41
Net Landlord Cash Flow$728,621.24
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