QBK Sports Signs Lease At 19000 SF Commercial Space In Sunnyside NYC
4120 39th St, New York, NY, 11104
Building Size
19,000 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The commercial property located at 4120 39th St, New York, NY, 11104 in Sunnyside spans 19,000 square feet. It was involved in a lease transaction between QBK Sports, the tenant, and JX Holdings, the landlord.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not Applicable
- Tenant's Representative: Peter Schubert (Terra CRG)
- Landlord's Representatives: Ryan Maltz (Greiner-Maltz Real Estate), Tomas Shleiwet (Greiner-Maltz Real Estate)
The deal was facilitated with Peter Schubert from Terra CRG representing QBK Sports as the tenant's rep and Ryan Maltz and Tomas Shleiwet from Greiner-Maltz Real Estate representing JX Holdings as the landlord's reps.
Players
Sunnyside Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93