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
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