Pi Capital Partners Leases Office Space At 136-18 39th Avenue In Flushing For $92/ft
136 18 39th Avenue
$92
$92/SF
Building Size
691 SF
Asset Type
Office
Closing
Jun 2, 2025
About this deal
AI
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.
On the Map
$92
$92/SF
Office
View full map
Players
Flushing Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Jerry Pi to view all their deals.
Browse Flushing office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
172423.91%
Cash-on-Cash
-49279.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93