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
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