Sutphin QOZB Leases Retail Space To 94 Deli & Grill Market In Jamaica For 10 Years
94 15 Sutphin Boulevard
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 2, 2025
About this deal
AI
The retail property located at 94-15 Sutphin Blvd (Space A) spans 3,000 square feet and is situated in the Jamaica market. It has an asking rent of $75 per square foot and the lease agreement established is for a duration of 10 years under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Sutphin QOZB - Eric Adams
- Tenant: 94 Deli & Grill Market
- Broker: Richard Babeck - Tri State Commercial Realty
Richard Babeck from Tri State Commercial Realty represents the landlord, Sutphin QOZB, while facilitating this lease transaction with the tenant, 94 Deli & Grill Market.
On the Map
Retail
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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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93