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
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