Funzy Play Leases Retail Space In Flushing, Queens With Landlord SCG America
13331 39th Ave, Queens, NY, 11354
Building Size
6,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The property at 13331 39th Ave, Queens, NY, 11354, in Flushing, is a retail asset comprising 6,000 square feet. The tenant, Funzy Play, has recently secured a lease for this space, with Warren Lee representing them in the transaction. The landlord of the property is SCG America.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Funzy Play
- Tenant's Representative: Warren Lee
- Landlord: SCG America
- Address: 13331 39th Ave, Queens, NY, 11354
- Market: Flushing
- Square Feet: 6000
The deal involving the lease of the retail property was facilitated by Warren Lee, who served as the tenant's representative. SCG America, the landlord, successfully secured Funzy Play as the new tenant for the 6,000 square feet space located at 13331 39th Ave, Queens, NY, 11354, in the Flushing market.
On the Map
Retail
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Flushing Retail 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