Wafay A. Nadir Leases Retail Space At 36-29 Main Street In Flushing With Barbie Li's Team
36 29 Main Street
$116
$116/SF
Building Size
3,620 SF
Asset Type
Retail
Closing
Apr 10, 2025
AI
This retail asset located at 36-29 Main Street in the Flushing market features a total square footage of 3,620. The asking rent for this property was set at $116 per square foot. The lease type is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $116/ft
- Address: 36-29 Main Street
- Market: Flushing
- Landlord: Jian Wu Chen
- Tenant: Wafay A. Nadir
- Broker: Barbie Li - B Square Realty
- Tenant's Representative: Deepak Hemrajani
- Square Footage: 3,620
- Lease Type: Retail Lease
The leasing transaction was facilitated by Barbie Li, who represents B Square Realty in this deal, and she highlighted the efficiency of her team's marketing strategy that resulted in the successful leasing of previously vacant retail units.
Players
Flushing 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
136750.00%
Cash-on-Cash
-39083.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93