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
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