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39 07 22nd Street

Z Cuisine Leases Industrial Space At 39-07 22nd Street Long Island City For $30/ft
LEASEDIndustrial

Z Cuisine Leases Industrial Space At 39-07 22nd Street Long Island City For $30/ft

39 07 22nd Street

$30

$30/SF

Building Size

3,000 SF

Asset Type

Industrial

Closing

May 11, 2025

AI

The property asset involved in the transaction is an industrial lease located at 39-07 22nd Street in Long Island City. The total square footage of the property is 3,000 square feet with an asking rent of $30 per square foot. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

Michael Maunsell represented the tenant, Z Cuisine, in this lease transaction, facilitating the agreement between the parties involved. The deal highlights the role of the broker in securing the lease for the tenant within the defined market area.

Players

Michael Maunsell

SymmetryCRG

Broker

$6.4M

vol

4 deals

Broker

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93