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29-28 41st Avenue, Long Isl...

DSA Property Group Leases Retail Space At 29-28 41st Avenue In Long Island City To @Buyk_15Min
LEASEDRetail

DSA Property Group Leases Retail Space At 29-28 41st Avenue In Long Island City To @Buyk_15Min

29-28 41st Avenue, Long Island City, NY, USA

Building Size

4,000 SF

Asset Type

Retail

Closing

Sep 27, 2021

AI

A retail property located at 29-28 41st Avenue in Long Island City has recently been leased. The property, spanning approximately 4,000 square feet, was leased for an asking rent of $70 per square foot. The lease transaction was finalized on September 27, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 29-28 41st Avenue
  • Market: Long Island City

The property was leased by Buyk_15Min, a company involved in bicycle, truck, food, and produce delivery services. Representing Buyk_15Min in the transaction was Scott Feldberg from GPG Management, while DSA Property Group, led by Arik Lifshitz, served as the landlord. Matthew Fogel, David Green, and Ike Bibi, from KSR, represented DSA Property Group as the landlord's representatives.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Arik Lifshitz

Arik Lifshitz

DSA Property Group

Landlord

$74.4M

vol

6 deals

Landlord
B
BuykTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93