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2107 41st Ave, Queens, NY, ...

Futures Memories Leases 7000 Square Feet At 2107 41st Ave In Long Island City
LEASEDIndustrial

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:

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

David Cohen

Meridian Capital Group

Broker

$275.1M

vol

8 deals

Broker
Himmel + Meringoff Properties
Himmel + Meringoff PropertiesLandlord

Long Island City Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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