Queens Training Center Leases Retail Space At 37-10 Queens Blvd. In Long Island City
37-10 Queens Boulevard, Queens, New York 11375, United States
Building Size
2,584 SF
Asset Type
Retail
Closing
Jul 30, 2021
AI
Queens Training Center has leased the ground floor retail space at 37-10 Queens Blvd. in Long Island City. The property, owned by 37 Plaza, offers a total of 2,584 square feet. The asking rent for the space was $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 37-10 Queens Blvd., Long Island City
- Market: Long Island City
Queens Training Center secured the lease through the representation of Michael Wang from Project Queens, a commercial leasing agency in Queens. The 2nd floor retail space at the property is also expected to be fully leased in the near future.
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