Updated Oct 16, 2026
Cine Magic LIC Studios Leases 25,000 Square Feet At 30-30 Hunters Point Avenue
30-30 Hunters Point Avenue
$28
$28/SF
Building Size
25,000 SF
Asset Type
Industrial
Closing
Sep 1, 2026
About this deal
AI
The property asset is located at 30-30 Hunters Point Avenue in Long Island City. It is categorized as an industrial asset type with a total square footage of 25,000. The asking rent for this property is set at $28 per square foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28/ft
- Lease Type: Modified Gross Lease
- Tenant: Cine Magic LIC Studios
- Brokers: Brendan Burke, Paul Bralower & James Ege - Pinnacle Realty of New York
The brokers involved in this transaction include Brendan Burke, Paul Bralower, and James Ege, representing Pinnacle Realty of New York. Their role was instrumental in facilitating the lease agreement between the involved parties.
On the Map
$28
$28/SF
Industrial
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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
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93