facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

138 18 Northern Boulevard

Wei Li Leases 25000 Sqft Retail Space From Jingang Shan On Northern Boulevard In Flushing
LEASEDRetail

Wei Li Leases 25000 Sqft Retail Space From Jingang Shan On Northern Boulevard In Flushing

138 18 Northern Boulevard

$85

$85/SF

Building Size

25,000 SF

Asset Type

Retail

Closing

Apr 3, 2025

AI

The property is located at 138-18 Northern Boulevard, 1FL & Cellar in Flushing and consists of approximately 25,000 square feet of retail space. The asking rent is $85 per square foot. The lease is categorized as a NNN Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $85/ft
  • Lease Type: NNN Lease
  • Landlord: Jingang Shan
  • Tenant: Wei Li
  • Broker: Barbie Li - B Square Realty
  • Ground Floor Area: 16,228 sqft
  • Cellar Area: 8,733 sqft

Barbie Li's team successfully navigated complex logistics and competition to secure a long-term tenant for this property, which is part of a new development featuring residential units and significant parking facilities. The strategic location offers close proximity to local schools and public transport options.

Players

Li Li

B Square Realty

Broker

$83.2M

vol

49 deals

Broker

Flushing Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93