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39 07 Prince Street

Chris Wang Leases 11,804 SF Office At 39-07 Prince Street Flushing To JLF Social Daycare Inc
LEASEDOffice

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

Frank Ko

Broker

$19.6M

vol

16 deals

Broker

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