Pi Capital Partners Leases Office Space At 136-18 39th Avenue In Flushing For $75/ft
LEASED
$75
New York
See Similar DealsOffice680 SF
Leased 05/01/2025
LEASED
Pi Capital Partners Leases Office Space At 136-18 39th Avenue In Flushing For $75/ft
136 18 39th Avenue
See Similar DealsOffice680 SF
Leased 05/01/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$75
Total Square Footage:680 SF
Transaction Type:Lease
This office lease is located at 136-18 39th Avenue in the Flushing market, featuring a total area of 680 square feet. The asking rent for this property is set at $75 per square foot. The lease term agreed upon is for 5 years, classified as a modified gross lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $75/ft
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Landlord: Pi Capital Partners
- Broker: Jerry Pi
The transaction was facilitated by broker Jerry Pi, representing Pi Capital Partners as the landlord in this lease agreement. This underscores the collaboration between the landlord and the brokerage team to finalize the terms of the lease efficiently.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$58,465.78
Total Lease Value
$584,657.84
Net Landlord Cash Flow$58,465.78
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