LEASEDRetail
Kuei Luck Early Childhood Center Leases 10000 Square Feet At 203 Borden Ave Queens NY
203 Borden Ave, Queens, NY, 11101
Building Size
10,000 SF
Asset Type
Retail
Closing
Feb 14, 2020
About this deal
AI
The property involved in this transaction is located at 203 Borden Ave, Queens, NY, 11101. It is situated in the Long Island City market and comprises a total of 10,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 203 Borden Ave, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 10,000
- Tenant: Kuei Luck Early Childhood Center
- Landlord: Mazzarella Family
- Tenant's Representative: Crystal Yeung-Modern Spaces
- Landlord's Representatives: Ashley Grebow Jeshiva-Modern Spaces, Edward DiTomasso-Modern Spaces, Evan Daniel-Modern Spaces
This transaction involved multiple representatives for the landlord, illustrating a collaborative approach in securing the lease for the tenant, Kuei Luck Early Childhood Center. The agreement was facilitated by Crystal Yeung from Modern Spaces representing the tenant, while the landlord was represented by Ashley Grebow Jeshiva, Edward DiTomasso, and Evan Daniel, all from Modern Spaces, ensuring effective communication and negotiation throughout the process.
On the Map
Retail
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Players
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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