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29 28 41st Avenue

Mana Skin Leases Retail Space In Long Island City, Queens For $70/ft
LEASEDRetail

Mana Skin Leases Retail Space In Long Island City, Queens For $70/ft

29 28 41st Avenue

$70

$70/SF

Building Size

1,503 SF

Asset Type

Retail

Closing

Sep 8, 2023

AI

A retail space located at 29-28 41st Avenue (Space B) in Long Island City, Queens has been leased. The property, measuring 1,503 square feet, was leased by Mana Skin. The landlord, DSA Property Group, was represented by Garrett Kelly and Joshua Erber from Meridian Capital Group. Jessilyn Chen and Songyun Hei from Arktic Real Estate served as the tenant's representatives.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $70/ft
  • Square Footage: 1,503
  • Address: 29-28 41st Avenue (Space B)
  • Market: Long Island City, Queens

The lease transaction was successfully completed with the involvement of key individuals and companies. Garrett Kelly and Joshua Erber represented the landlord, DSA Property Group, while Jessilyn Chen and Songyun Hei represented the tenant, Mana Skin.

Players

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker
DG
DSA Property GroupLandlord

Avenue 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