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
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