Target Park Leases Retail Space At 92-77 Queens Boulevard In New York City
LEASED
$9
New York
See Similar DealsRetail20,000 SF
Leased 04/18/2023
LEASED
Target Park Leases Retail Space At 92-77 Queens Boulevard In New York City
92-77 Queens Blvd Rego Park, NY 11374, USA
See Similar DealsRetail20,000 SF
Leased 04/18/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$9
Total Square Footage:20,000 SF
Transaction Type:Lease
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.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$206,349.83
Total Lease Value
$2,063,498.28
Net Landlord Cash Flow$206,349.83
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