Hestia Robotics Leases Retail Space At 135-17 Northern Boulevard Flushing For $75/ft
135 17 Northern Boulevard
$196,700
$196,700/SF
Building Size
2,810 SF
Asset Type
Retail
Closing
Apr 30, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 135-17 Northern Boulevard in Flushing. The asset comprises a total square footage of 2,810, with an asking rent of $75 per square foot. The lease type for this property is categorized as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Square Footage: 2,810
- Address: 135-17 Northern Boulevard
- Market: Flushing
- Landlord: Jenny Huan
- Tenant: Hestia Robotics
- Landlord's Representative: Frank Ko
The deal features Jenny Huan as the landlord, while Hestia Robotics is identified as the tenant. Frank Ko represents Jenny Huan in this transaction, acting on her behalf to facilitate the lease agreement.
On the Map
$196,700
$196,700/SF
Retail
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Players
Flushing Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
80.65%
Cash-on-Cash
-23.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93