Chris Wang Leases 11,804 SF Office At 39-07 Prince Street Flushing To JLF Social Daycare Inc
39 07 Prince Street
$65
$65/SF
Building Size
11,804 SF
Asset Type
Office
Closing
Jun 30, 2025
AI
This lease transaction involves an office asset located at 39-07 Prince Street in the Flushing market. The leasing arrangement is set at an asking rent of $65 per square foot for a total space of 11,804 square feet. The lease term agreed upon is for a duration of 10 years, structured under a NNN Lease type.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $765,260
- Lease Term: 10 years
- Lease Type: NNN Lease
- Landlord: Chris Wang
- Tenant: JLF Social Daycare Inc., Nord Coast Aesthetics Management, Compu21 Institute Corp., Heli Tax Inc., Law Office of Wood; Wang & Associates
- Broker: Frank Ko
Frank Ko represents the landlord, Chris Wang, in this transaction where multiple tenants are signing leases including JLF Social Daycare Inc., Nord Coast Aesthetics Management, Compu21 Institute Corp., Heli Tax Inc., and the Law Office of Wood; Wang & Associates.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93