Jerry Pi Of Pi Capital Partners Leases Office Space To Determination Physical Therapy PC In Flushing
136 18 39th Avenue
$79
$79/SF
Building Size
1,000 SF
Asset Type
Office
Closing
Nov 30, 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 asking rent for the property is set at $79 per square foot for a total size of 1,000 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $79/ft
- Square Footage: 1,000
- Address: 136-18 39th Avenue
- Market: Flushing
- Landlord: Jerry Pi - Pi Capital Partners
- Tenant: Determination Physical Therapy PC
- Lease Type: Modified Gross Lease
- Lease Duration: 5 years
This transaction was managed in-house by the landlord, Jerry Pi. The tenant, Determination Physical Therapy PC, has committed to a five-year lease agreement, showcasing a significant commitment to the property.
On the Map
$79
$79/SF
Office
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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
200797.47%
Cash-on-Cash
-57388.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93