Updated Sep 29, 2026
Michael Vella Leases Industrial Space At 37-14 13th Street To Tamco Mechanical For $27/ft
37-14 13th Street
$27
$27/SF
Building Size
4,500 SF
Asset Type
Industrial
Closing
Sep 15, 2026
About this deal
AI
The asset involved in this lease transaction is located at 37-14 13th Street in Long Island City. This industrial property has a total square footage of 4,500 and is listed with an asking rent of $27 per square foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27/ft
- Square Footage: 4,500
- Address: 37-14 13th Street
- Market: Long Island City
- Landlord: Michael Vella
- Tenant: Tamco Mechanical
- Brokers: Luca DiCiero & Faisal Gilani - NY Space Finders
This transaction highlights key representatives in the leasing deal. Luca DiCiero and Faisal Gilani represented the interests of the landlord and tenant, facilitating the lease agreement effectively within the Long Island City market.
On the Map
$27
$27/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
587518.52%
Cash-on-Cash
-167914.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93