Pi Capital Partners Leases Office Space At 136-18 39th Avenue In Flushing For $92/ft
LEASED
$92
New York
See Similar DealsOffice691 SF
Leased
LEASED
Pi Capital Partners Leases Office Space At 136-18 39th Avenue In Flushing For $92/ft
136 18 39th Avenue
See Similar DealsOffice691 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$92
Total Square Footage:691 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 136-18 39th Avenue in Flushing. The asset has a square footage of 691 and is leased at a rate of $92 per square foot. The lease agreement is structured as a Modified Gross Lease with a term of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $92/ft
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Landlord: Pi Capital Partners
- Landlord's Representative: Jerry Pi
This transaction highlights the involved parties, revealing that Jerry Pi represents Pi Capital Partners in this lease agreement. The lease arrangement reflects the landlord's positioning in the Flushing market, specifically within the office asset category.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$72,878.17
Total Lease Value
$728,781.74
Net Landlord Cash Flow$72,878.17
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