Steven Li Leases Office Space At 133-20 41st Road In Flushing To Yifen Li
133 20 41st Road
$50
$50/SF
Building Size
15,251 SF
Asset Type
Office
Closing
Sep 21, 2025
AI
The lease transaction involved an office asset located at 133-20 41st Road in Flushing. The total square footage of the property is 15,251, with an asking rent set at $50 per square foot. The lease type is categorized as a Modified Gross Lease.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $762,550
- Tenant: Yifen Li
- Landlord: Steven Li
- Landlord's Representative: Barbie Li - B Square Realty
- Date of Transaction: 9/22/2025
Barbie Li, acting as the landlord's representative from B Square Realty, played a significant role in securing the lease amid a challenging market in Flushing, where office supply often exceeds demand. Her team not only executed the lease but also provided comprehensive support regarding tenant mix and growth strategy, resulting in a diverse group of tenants across various industries.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93