RockFarmer Properties Leases Office In Flushing To Antioquia Chiropractic
8211 37th Avenue
$48
$48/SF
Building Size
1,619 SF
Asset Type
Office
Closing
Sep 20, 2023
AI
The office space located at 8211 37th Avenue Suite #602 in Flushing has been leased in a single net lease transaction. The property spans 1,619 square feet and was leased for a term of 5 years. The asking rent for the space was $48 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 8211 37th Avenue Suite #602, Flushing
- Market: Flushing
- Landlord: Kostas Koutsothanasis - RockFarmer Properties
- Tenant: Dr. Mario Duque - Antioquia Chiropractic
- Broker: Parry Ermogenous - NextHome Empire
- Lease Type: Single Net Lease
- Lease Term: 5 Years
Dr. Mario Duque of Antioquia Chiropractic has leased this office space from Kostas Koutsothanasis of RockFarmer Properties. The leasing transaction was facilitated by Parry Ermogenous of NextHome Empire.
Players
Jackson Heights 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
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93