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135 17 Northern Boulevard

Hestia Robotics Leases Retail Space At 135-17 Northern Boulevard Flushing For $75/ft
LEASEDRetail

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

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.

Players

Frank Ko

Broker

$19.6M

vol

14 deals

Broker

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