Burger Village Leases Retail Space At 61-09 190th Street In Fresh Meadows With Landlord Federal Realty Investment Trust
61 09 190th Street
$125
$125/SF
Building Size
5,040 SF
Asset Type
Retail
Closing
Sep 30, 2025
AI
The asset involved in this transaction is a retail property located at 61-09 190th Street in the Fresh Meadows market. It encompasses a square footage of 5,040 and is leased under a Single Net Lease agreement. The asking rent for this property is $125 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Landlord: Federal Realty Investment Trust
- Tenant: Burger Village
- Landlord's Representative: Raj Whadwa - Global Realty Services
- Lease Type: Single Net Lease
This transaction involves key individuals such as Raj Whadwa, representing the landlord, Federal Realty Investment Trust, while the tenant is Burger Village. The transaction emphasizes the collaboration between the landlord and tenant through the expertise of the representative in securing the lease agreement.
Players
Fresh Meadows 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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93