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2710 43rd Ave, Queens, NY, ...

Tacombi Leases Retail Space In Long Island City To Rockrose Development
LEASEDRetail

Tacombi Leases Retail Space In Long Island City To Rockrose Development

2710 43rd Ave, Queens, NY, 11101

Building Size

1,800 SF

Asset Type

Retail

Closing

Jan 31, 2020

AI

The retail property located at 2710 43rd Ave, Queens, NY, 11101, in Long Island City, with a size of 1800 square feet, was leased on January 31, 2020. The tenant, Tacombi, secured this space for their business. The transaction was facilitated by Larry Link() and Michael Greenberg(), representing the tenant, while the landlord was Rockrose Development.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 2710 43rd Ave, Queens, NY, 11101
  • Market: Long Island City
  • Tenant: Tacombi
  • Landlord: Rockrose Development
  • Square Feet: 1800

The lease deal for the retail space at 2710 43rd Ave involved key individuals Larry Link() and Michael Greenberg(), who represented the tenant, Tacombi. Rockrose Development acted as the landlord in this transaction.

Players

Larry Link

Broker

$19M

vol

6 deals

Broker
Rockrose Development
Rockrose DevelopmentLandlord

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