WeWork Rents Office Space At 142-22 37th Avenue In Downtown Flushing, Queens
142-22 37th Ave Queens, NY 11354, USA
$50
$50/SF
Building Size
13,559 SF
Asset Type
Office
Closing
Aug 31, 2023
About this deal
AI
The recent lease transaction in Downtown Flushing, Queens involves an office space located at 142-22 37th Avenue. The landlord, Shengli Wen, has successfully leased the property to tenant Jackson Zhao. The transaction was facilitated by broker Barbie Li from B Square Realty. The property spans a total of 13,559 square feet and is classified as a 6-story community facility. The asking rent for the space was $50 per square foot.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 142-22 37th Avenue, Flushing, NY 11354
- Market: Downtown Flushing, Queens
- Landlord: Shengli Wen
- Tenant: Jackson Zhao
- Broker: Barbie Li - B Square Realty
- Size: 13,559 square feet
- Asking Rent: $50 per square foot
Barbie Li, the broker from B Square Realty, played a pivotal role in securing this lease deal. With this transaction, Li once again demonstrates her expertise and success in the Flushing real estate market. The property is fully leased and marks another landmark deal in the area. For those looking to optimize their investments or find the perfect commercial space, the Barbie Li Team offers a diverse portfolio of pristine commercial properties. Interested parties can contact them at 347-628-8818.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93