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36 29 Main Street

Wafay A. Nadir Leases Retail Space At 36-29 Main Street In Flushing With Barbie Li's Team
LEASEDRetail

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

Li Li

B Square Realty

Broker

$83.2M

vol

49 deals

Broker

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