Rakesh Dua Leases 3,800 SF Office At 37-20 74th Street To Khan's Tutorial
37-20 74th Street
Building Size
3,800 SF
Asset Type
Office
Closing
Jul 30, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 37-20 74th Street in the Jackson Heights market, encompassing a total area of 3,800 square feet. It is subject to a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 37-20 74th Street
- Market: Jackson Heights
- Landlord: Rakesh Dua
- Tenant: Khan's tutorial
- Landlord's Representative: Luca DiCiero & Faisal Gilani - NY Space Finders
The deal involved landlord Rakesh Dua leasing the space to tenant Khan's tutorial, with representation by brokers Luca DiCiero and Faisal Gilani from NY Space Finders, indicating their role in facilitating the agreement between the landlord and tenant.
On the Map
Office
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Jackson Heights Office Market Snapshot
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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