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21-30 44th Drive, Queens, N...

Local Locker Leases Retail Space In Long Island City For $35/ft. At 21-30 44th Dr., Eddie Mamiye - Stately Ventures Reps Tenant And Ike Bibi, George Skaliarinis & Mark Gallucci - KSR Rep Landlord
LEASEDRetail

Local Locker Leases Retail Space In Long Island City For $35/ft. At 21-30 44th Dr., Eddie Mamiye - Stately Ventures Reps Tenant And Ike Bibi, George Skaliarinis & Mark Gallucci - KSR Rep Landlord

21-30 44th Drive, Queens, New York 11101, United States

Building Size

5,985 SF

Asset Type

Retail

Closing

Jul 13, 2022

AI

No summary available.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Elias Kougemitros

Landlord

4 deals

Landlord
LL
Local LockerTenant

New York 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