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136 18 39th Avenue

Pi Capital Partners Leases Office Space At 136-18 39th Avenue In Flushing For $70/ft
LEASEDOffice

Pi Capital Partners Leases Office Space At 136-18 39th Avenue In Flushing For $70/ft

136 18 39th Avenue

$70

$70/SF

Building Size

1,550 SF

Asset Type

Office

Closing

Jul 13, 2025

AI

The property involved in this transaction is located at 136-18 39th Avenue in Flushing. It is classified as an office asset with a total square footage of 1,550. The asking rent for this property is set at $70 per square foot, under a Single Net Lease arrangement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $70/ft
  • Square Footage: 1,550
  • Address: 136-18 39th Avenue
  • Market: Flushing
  • Landlord: Pi Capital Partners
  • Landlord's Representative: Jerry Pi

This lease transaction features Pi Capital Partners as the landlord, with Jerry Pi representing the landlord. The lease type is noted as a Single Net Lease, highlighting the specifics of the rental agreement involved in this deal.

Players

Jerry Pi

Broker

5 deals

Broker

Flushing Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93