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37-10 Queens Boulevard, Que...

Dancing Matters Leases Retail Space In Long Island City At 37-10 Queens Blvd
LEASEDRetail

Dancing Matters Leases Retail Space In Long Island City At 37-10 Queens Blvd

37-10 Queens Boulevard, Queens, New York 11101, United States

Building Size

3,833 SF

Asset Type

Retail

Closing

Mar 31, 2022

AI

Located at 37-10 Queens Blvd in Long Island City, this retail property was recently leased. The property, with a total area of 3,833 square feet, was leased by Dancing Matters. The landlord, David Yoo, entered into the lease agreement with the tenant. The deal was facilitated by Michael Wang of Project Queens. The asking rent for the property was $40 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: N/A (Leased)
  • Address: 37-10 Queens Blvd
  • Market: Long Island City
  • Tenant: Dancing Matters
  • Landlord: David Yoo
  • Broker: Michael Wang - Project Queens
  • Asking Rent: $40/ft.

Michael Wang of Project Queens played a pivotal role in the deal, representing the tenant, Dancing Matters, during the lease negotiations. With his expertise, Wang was able to secure the lease agreement with the landlord, David Yoo.

Players

Michael Wang

Project Queens

Broker

14 deals

Broker

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