{"id":344161,"date":"2026-09-11T17:42:12","date_gmt":"2026-09-11T17:42:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/344161\/"},"modified":"2026-09-11T17:42:12","modified_gmt":"2026-09-11T17:42:12","slug":"municipal-credit-union-signs-6k-sf-lease-for-new-branch-at-162-15-jamaica-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/344161\/","title":{"rendered":"Municipal Credit Union Signs 6K-SF Lease for New Branch at 162-15 Jamaica Avenue \u2013 Commercial Observer"},"content":{"rendered":"<p><a href=\"https:\/\/commercialobserver.com\/company\/municipal-credit-union\/\" title=\"Municipal Credit Union\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Municipal Credit Union<\/a> (MCU) has signed a lease to open a new retail branch in Jamaica, Queens, Commercial Observer has learned.<\/p>\n<p>The not-for-profit credit union, which has locations citywide and caters only to New York City residents, signed a 15-year, roughly 6,000-square-foot lease at Michael Rosilio\u2019s 162-15 Jamaica Avenue, according to landlord broker <a href=\"https:\/\/commercialobserver.com\/company\/augenbaum-realty\/\" title=\"Augenbaum Realty\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Augenbaum Realty<\/a>.<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/09\/harbor-fitness-lease-3460-nostrand-avenue-brooklyn\/\" rel=\"nofollow noopener\" target=\"_blank\">Harbor Fitness to Open 20K-SF Club at 3460 Nostrand Avenue in South Brooklyn<\/a><\/p>\n<p>Asking rent for the ground-floor space in Jamaica\u2019s business district was more than $100 per square foot, according to the brokerage.<\/p>\n<p>Josh Augenbaum and Murray Mizrachi of Augenbaum Realty represented the landlord in the transaction, while Jordan Kaplan of <a href=\"https:\/\/commercialobserver.com\/company\/cbre\/\" title=\"CBRE\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">CBRE<\/a> negotiated on behalf of the tenant.<\/p>\n<p>\u201cOwnership is pleased to have provided a beautiful wide-open space on a super busy corridor where Municipal Credit Union will provide their customers with a state of the art banking experience,\u201d Augenbaum said in a statement.<\/p>\n<p>CBRE did not immediately respond to a request for comment.<\/p>\n<p>The adjacent spaces in the building were recently leased to an Olgam Life plasma donation center and a Cold Stone Creamery, which still had signage up as recently as June, Google images show.<\/p>\n<p>A 25,000-square-foot Fitness Factory also signed a lease in the same building at 162-11 Jamaica Avenue, also owned by the Rosilio family and brokered by Augenbaum Realty, The Real Deal <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/therealdeal.com\/new-york\/2026\/07\/07\/nycs-top-retail-leases-june-2026\/\">reported in July<\/a>.<\/p>\n<p>The Rosilio family purchased the property <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/www.pincusco.com\/long-time-owner-sells-jamaica-retail-for-10-5m\/\">in November 2024<\/a> for $10.5 million from Ruben Azrak.<\/p>\n<p>Mark Hallum can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/09\/municipal-credit-union-lease-162-15-jamaica-avenue\/mailto:mhallum@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Municipal Credit Union (MCU) has signed a lease to open a new retail branch in Jamaica, Queens, Commercial&hellip;\n","protected":false},"author":2,"featured_media":344162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[129008,98,100,99,86525,13067,2361,129009,129010,9,24,63,5943],"class_list":["post-344161","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-162-15-jamaica-avenue","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-jordan-kaplan","tag-josh-augenbaum","tag-leases","tag-michael-rosilio","tag-murray-mizrachi-channel","tag-new-york","tag-new-york-city","tag-nyc","tag-retail"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/344161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=344161"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/344161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/344162"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=344161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=344161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=344161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}