Futures Memories Leases 7000 Square Feet At 2107 41st Ave In Long Island City
2107 41st Ave, Queens, NY, 11101
Building Size
7,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 2107 41st Ave, Queens, NY, 11101, within the Long Island City market. The asset has a total square footage of 7,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2107 41st Ave, Queens, NY, 11101
- Market: Long Island City
- Tenant: Futures Memories
- Landlord: Himmel + Meringoff Properties
- Tenant's Representative: Joe Eliasoph - Sholom and Zuckerbrot Realty
- Landlord's Representatives: David Cohen - Meridian Capital Group, Jason Vacker - Himmel + Meringoff Properties
This transaction involves multiple representatives. Joe Eliasoph represents the tenant, Futures Memories, while the landlord, Himmel + Meringoff Properties, is represented by David Cohen and Jason Vacker. Each representative plays a role in facilitating the lease agreement.
Players
Long Island City Industrial Market Snapshot
Boundary boundary · Industrial · 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