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41-09 36th Street, Long Isl...

Jabber Dorado Enterprises Leases Industrial Space In Long Island City For $25/ft
LEASEDIndustrial

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

John Akleh

Broker

$49

vol

4 deals

Broker
E
EnterprisesTenant

Astoria 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93