Wen Pin Yang Leases Office Space At 33-17 Prince Street In Flushing, Queens
33-17 Prince Street, Flushing, NY, USA
Building Size
2,800 SF
Asset Type
Office
Closing
Dec 20, 2020
AI
An office space located at 33-17 Prince Street in Flushing, Queens has been leased. The lease transaction was completed on December 21, 2020.
Summary of transaction details
- Property Type: Office
- Asking Rent: $20/ft.
- Size: 2,800 sq. ft.
- Market: Flushing, Queens
- Tenant: Wen Pin Yang
- Landlord: NPRE Realty - John Chan
- Broker: Michael Wang @MichaelWangNYC - Project Queens
Wen Pin Yang is the tenant who secured the lease for the office space. The landlord, NPRE Realty represented by John Chan, facilitated the leasing transaction. Michael Wang from Project Queens acted as the broker in this deal.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93