Updated Sep 5, 2024
Gregory Mistelos Leases Industrial Space In Sunnyside, Queens For $16.00/ft
53-18 37th St Queens, NY 11101, USA
$16
$16/SF
Building Size
7,506 SF
Asset Type
Industrial
Closing
Aug 25, 2023
About this deal
AI
A 3-year lease has been signed for an industrial property located at 53-18 37th Street in Sunnyside, Queens. The property spans 7,506 square feet and was leased by Gregory Mistelos from landlord TJ Perno.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Asking Rent: $16.00/ft
- Square Footage: 7,506
- Lease Term: 3 Years
- Address: 53-18 37th Street, Sunnyside, Queens
The lease transaction was facilitated by Luca DiCiero and Devin Navarro of NY Space Finders, who represented both the tenant and the landlord. The deal was successfully concluded without any further details provided.
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
991437.50%
Cash-on-Cash
-283355.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93