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37 30th Street, Queens, New...

Biscuit & Bone Daycare Leases Retail Space In Long Island City With Jordan Raphan, Akram Mozeb & Marc Sitt - KSR
LEASEDRetail

Biscuit & Bone Daycare Leases Retail Space In Long Island City With Jordan Raphan, Akram Mozeb & Marc Sitt - KSR

37 30th Street, Queens, New York 11106, United States

$4,200

$4,200/SF

Building Size

10,500 SF

Asset Type

Retail

Closing

May 19, 2022

AI

The retail property located at 37-11 30th St. in Long Island City has been leased. The property, spanning 10,500 square feet, was leased by Biscuit & Bone Daycare. The landlord, Slate Property Group, facilitated the lease transaction. The deal was brokered by Jordan Raphan, Akram Mozeb, and Marc Sitt of KSR. The asking rent for the property was $40 per square foot.

Summary of transaction details:

Jordan Raphan, Akram Mozeb, and Marc Sitt of KSR played a crucial role as brokers in facilitating the lease deal between Slate Property Group and Biscuit & Bone Daycare for the retail property at 37-11 30th St. in Long Island City. Their expertise and negotiation skills helped secure the transaction.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Slate Property Group
Slate Property GroupLender
Slate Property Group
Slate Property GroupLandlord

Long Island City 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

3776.90%

Cash-on-Cash

-1079.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93