Updated Sep 9, 2024
Shi Yun Signs 5-Year NNN Lease For Industrial Space In Long Island City
21-38 44th Rd Queens, NY 11101, USA
$22
$22/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Jul 13, 2023
About this deal
AI
Located at 21-38 44th Road in Long Island City, this industrial property is the subject of a lease transaction. The property spans a total area of 5,000 square feet and is being offered at an asking rent of $22 per square foot, NNN (Triple Net). The lease terms include a NNN 5-year lease with annual increases, along with additional options.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 21-38 44th Road, Long Island City
- Market: Long Island City
The landlord of the property is Nikitas Drakotos, and the tenant in this lease agreement is Shi Yun. Representing the deal are brokers Rodney Nassimian and Christen Portelli from Highcap Group.
On the Map
$22
$22/SF
Industrial
View full map
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Visit Rodney Nassimian to view all their deals.
Browse New York industrial leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93