Bi Fang Chen Signs Modified Gross Lease For Retail Space At 36-56 Main St In Flushing, NY
36-56 Main Street
$100
$100/SF
Building Size
5,300 SF
Asset Type
Retail
Closing
Nov 29, 2023
AI
Barbie Li Team Strikes Again! A prime storefront retail space at 36-56 Main St Flushing, NY has been leased. The property offers a total of 5,300 square feet across the ground floor, second floor, and basement. Located in the heart of Flushing, this building provides a strategic and high-visibility location for businesses to thrive.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 36-56 Main Street 1FL, Flushing
- Market: Flushing
The landlord for this leased property is Anthony Fong, while the tenant is Bi Fang Chen. The deal was facilitated by brokers Barbie Li and Yan Xue (Christina) Zheng of B Square Realty. Representing both parties, they successfully negotiated the lease for the retail space.
If you are interested in a similar opportunity, the Barbie Li team also represents another building down the block that is still available. This presents a golden chance to establish your business in this vibrant neighborhood. Take the first step toward realizing your vision by contacting Barbie at 347-628-8818. Whether you're looking to lease, buy, or invest, their team is here to help make your real estate dreams come true!
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93