Church Street Boxing Leases Retail Space In Long Island City For $70/ft
29-28 41st Ave Long Island City, NY 11101, USA
$70
$70/SF
Building Size
4,509 SF
Asset Type
Retail
Closing
Jun 29, 2023
AI
Church Street Boxing has signed a lease agreement for a retail space located at 29-28 41st Avenue in Long Island City. The property, offered by DSA Property Group, spans 4,509 square feet. The asking rent for the space is $70 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 29-28 41st Avenue
- Market: Long Island City
Garrett Kelly and Josh Erber of Meridian Capital Group represented both parties in the leasing transaction.
Players
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93