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212 47 Jamaica Avenue

Robert Wolf Leases Retail Space To Unique Care Community Services At 212-47 Jamaica Avenue
LEASEDRetail

Robert Wolf Leases Retail Space To Unique Care Community Services At 212-47 Jamaica Avenue

212 47 Jamaica Avenue

$41

$41/SF

Building Size

1,530 SF

Asset Type

Retail

Closing

Jul 7, 2025

AI

The property involved in this transaction is a retail asset located at 212-47 Jamaica Avenue in the Jamaica market. The asking rent for the lease is set at $41 per square foot, with a total square footage of 1,530. This lease is categorized as a modified gross lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $41/ft
  • Lease Type: Modified Gross Lease
  • Address: 212-47 Jamaica Avenue
  • Market: Jamaica
  • Landlord: Robert Wolf
  • Tenant: Unique Care Community Services
  • Landlord's Rep: Michael Baruch - Brown Harris Stevens
  • Tenant's Rep: Benjamin Zone - Meridian Capital Group

The transaction involves key representatives including Michael Baruch from Brown Harris Stevens representing the landlord, Robert Wolf, and Benjamin Zone from Meridian Capital Group representing the tenant, Unique Care Community Services. Their roles were crucial in facilitating this lease agreement.

Players

Benjamin Zone

Meridian Capital Group

Broker

$15.1M

vol

9 deals

Broker
Brown Harris Stevens
Brown Harris StevensBrokerage

Robert Wolf

Landlord

$100.1M

vol

6 deals

Landlord

Queens Village 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

386902.44%

Cash-on-Cash

-110577.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93