Sutphin QOZB Leases Retail Space To 94 Deli & Grill Market In Jamaica For 10 Years
94 15 Sutphin Boulevard
$55
$55/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 2, 2025
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.
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