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:
- Property Type: Retail
- Date: 05/19/2022
- Address: 37-11 30th St.
- Market: Long Island City
- Landlord: Slate Property Group
- Tenant: Biscuit & Bone Daycare
- Brokers: Jordan Raphan, Akram Mozeb, and Marc Sitt - KSR
- Asking Rent: $40 per square foot
- Square Footage: 10,500
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
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