Updated Oct 29, 2024
LEASEDMultiFamily
Happy City Adult Day Care Leases Community Facility Space At 42-34 Saull Street In Flushing
4234 Saull Street, Flushing, NY 11355, USA
Building Size
12,189 SF
Asset Type
MultiFamily
Closing
Jan 5, 2020
About this deal
AI
42-34 Saull Street in Flushing has been leased to Happy City Adult Day Care for $33 per square foot. The property, totaling 12,189 square feet, will serve as a community facility space.
Summary of transation details
- Property Type: Lease
- Transaction Amount: $33/SF
- Date: 01/06/2020
- Address: 42-34 Saull Street, Flushing
- Market: Flushing
- Tenant: Happy City Adult Day Care - Rui Qin Dai
- Landlord: Marx Realty
- Brokers: Stephen R. Preuss, Adam Malitz, Kevin Louie
The deal was facilitated by brokers Stephen R. Preuss, Adam Malitz, and Kevin Louie.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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