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:
- Property Type: Industrial
- Transaction Amount: $30/ft
- Address: 39-07 22nd Street
- Market: Long Island City
- Tenant: Z Cuisine
- Broker: Michael Maunsell - SymmetryCRG
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
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