An industrial property located at 18-31 131st St. in Queens has been leased in a closed transaction. The property spans approximately 21,619 square feet and was leased by The New York City School Construction Authority. The lease was brokered by Michael Wang from Project Queens. The asking rent for the property was $20 per square foot.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Leased
• Address: 18-31 131st St., Queens
• Tenant: The New York City School Construction Authority
• Broker: Michael Wang - Project Queens
• Asking Rent: $20/ft.
• Square Footage: 21,619

Michael Wang, representing Project Queens, successfully brokered the lease deal for the industrial property at 18-31 131st St. in Queens. The New York City School Construction Authority has become the tenant of this property, securing it for their needs. Wang's expertise in government deals helped navigate the negotiation process, ensuring that the rent met the market rate and addressing any construction issues. His strategic planning and negotiation skills played a crucial role in determining the responsibilities and costs for both parties involved in the lease agreement.