Jabber Dorado Enterprises Leases Industrial Space In Long Island City For $25/ft
41-09 36th Street, Long Island City, NY, USA
Building Size
6,500 SF
Asset Type
Industrial
Closing
Nov 8, 2020
AI
An industrial property located at 41-09 36th Street in Long Island City has been leased. The property, spanning 6,500 square feet, was leased by Jabber Dorado Enterprises from Schuman Properties. The lease was facilitated by brokers William Akleh and John Akleh of idoNYRE. The asking rent for the property was $25 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 41-09 36th Street, Long Island City
- Market: Long Island City
William Akleh and John Akleh of idoNYRE acted as brokers for the deal. It is worth mentioning that the brokers expressed their gratitude towards their tenants and clients for their cooperation during these challenging times. Sido New York, a full-service commercial brokerage, specializes in assisting tenants and landlords in finding suitable arrangements.
Players
Astoria 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