Lai Hua Wang Leases Office Space At 39-01 Main St, Flushing From Gerson Properties
39-01 Main St, Flushing, Queens, NY, USA
Building Size
338 SF
Asset Type
Office
Closing
Dec 29, 2020
AI
The office located at 39-01 Main St in Flushing has been leased. The lease was finalized on December 30, 2020. The property is owned by Gerson Properties. The tenant, Lai Hua Wang, has agreed to lease the space.
Summary of transaction details
- Property Type: Office
- Transaction Date: 12/30/2020
- Address: 39-01 Main St, Flushing
The lease was facilitated by Michael Wang from Project Queens, who represented the tenant, Lai Hua Wang, in the deal.
The asking rent for the office space is $59 per square foot, and the total area of the space is 338 square feet.
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