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.
On the Map
Office
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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