132-10 Jamaica Ave

Albert Aranbaev of Asset Commercial Realty Group represented the purchaser, who is a private investor, in this transaction. The property is a single-unit commercial building currently fully- leased to The New York City School Construction Authority (Board of Education). The tenant is occupying the space as a New York City Public School, District 28 Pre-K Center – Early Childhood. The building is approximately 12,360 square feet, plus the tenant occupies exterior land of ~ 1,000 square feet. In the current (initial) term of the lease which commenced in November 2014, the tenant is paying $333,720 per year through November 2019. After November 2019, the tenant’s rent increases to $375,496.80 per year. The building is located just west of the Van Wyck Expressway where the E subway train is conveniently located.