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92-77 Queens Blvd Rego Park...

Updated Oct 29, 2024

Target Park Leases Retail Space At 92-77 Queens Boulevard In New York City
LEASEDRetail

Target Park Leases Retail Space At 92-77 Queens Boulevard In New York City

92-77 Queens Blvd Rego Park, NY 11374, USA

$9

$9/SF

Building Size

20,000 SF

Asset Type

Retail

Closing

Apr 18, 2023

About this deal

AI

The retail property located at 92-77 Queens Boulevard in New York City has recently been leased. The asset, spanning 20,000 square feet, is owned by Target Park US Inc. and will be occupied by Target Park as the tenant. The lease agreement specifies an asking rent of $9 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 92-77 Queens Boulevard, New York City
  • Market: New York City
  • Landlord: Target Park US Inc.
  • Tenant: Target Park
  • Asking Rent: $9 per square foot
  • Size: 20,000 square feet

This lease deal was brokered by Target Park's representative, further solidifying their presence in the retail market in New York City. The agreement indicates the landlord's confidence in Target Park as a tenant and highlights the demand for retail properties in the area. This transaction contributes to the ongoing growth and development of the commercial real estate sector in New York City.

Players

TP
Target ParkTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $9 per square foot on a published $9 for 20,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1762555.56%

Cash-on-Cash

-503743.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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