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13331 39th Ave, Queens, NY,...

Orangetheory Fitness Leases 3200 Square Feet At 13331 39th Ave Queens From SCG America
LEASEDCondo

Orangetheory Fitness Leases 3200 Square Feet At 13331 39th Ave Queens From SCG America

13331 39th Ave, Queens, NY, 11354

Building Size

3,200 SF

Asset Type

Condo

Closing

Sep 26, 2016

AI

The property involved in this transaction is located at 13331 39th Ave, Queens, NY, 11354. This asset is situated in the Flushing market and encompasses a total area of 3200 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 13331 39th Ave, Queens, NY, 11354
  • Market: Flushing
  • Tenant: Orangetheory Fitness
  • Landlord: SCG America
  • Tenant's Representative: Craig Gelberg (Ripco)

This lease transaction highlights the involvement of SCG America as the landlord while Orangetheory Fitness is the tenant securing the space. Craig Gelberg from Ripco represents the tenant in this deal.

Players

Craig Gelberg

Ripco

Broker

6 deals

Broker
SA
SCG AmericaLandlord
OF
OrangeTheory FitnessTenant

Flushing Condo Market Snapshot

Boundary boundary · Condo · 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