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133 20 41st Road

Steven Li Leases Office Space At 133-20 41st Road In Flushing To Yifen Li
LEASEDOffice

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

Li Li

B Square Realty

Broker

$83.2M

vol

49 deals

Broker
B Square Realty
B Square RealtyBrokerage

Steven Li

Landlord

$49.6M

vol

7 deals

Landlord

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