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
About this deal
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.
The retail lease at 29-28 41st Ave Long Island City, NY 11101, USA in New York, New York leased for $70 in 2023. The building is 4,509 square feet, implying about 70 per square foot on the published price. Garrett Kelly, Joshua (Josh) Erber, Meridian Capital Group appear on the lease alongside Meridian Capital Group. This page is the New York, New York file for the 29-28 41st Ave Long Island City, NY 11101, USA retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 29-28 41st Ave Long Island City, NY 11101, USA around 2023. Published consideration for 29-28 41st Ave Long Island City, NY 11101, USA is $70, dated 2023. Cite this Church Street Boxing Leases Retail Space In Long Island City For $70/ft lease when underwriting similar retail product around New York, New York.
Players
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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