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203 Borden Ave, Queens, NY,...

Kuei Luck Early Childhood Center Leases 10000 Square Feet At 203 Borden Ave Queens NY
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

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.

Players

Ashley Grebow Jeshiva

Regal Ventures

Broker

$27.3M

vol

4 deals

Broker

Long Island City 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93