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
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