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133 20 41st Road

Updated Sep 30, 2025

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

Building Size

15,251 SF

Asset Type

Office

Closing

Sep 21, 2025

About this deal

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.

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Players

Li Li

B Square Realty

Broker

$84.9M

vol

52 deals

Broker
B Square Realty
B Square RealtyBrokerage

Steven Li

Landlord

$69.2M

vol

9 deals

Landlord
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Flushing Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $50 per square foot for 15,251 square feet (2025).

Visit Li (Barbie) Li to view all their deals.

Browse Flushing office leases on Traded.

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

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