Diki Sunshine Childcare Center Leases Retail Space In Long Island City For $40/ft
37 30th Street, Queens, New York 11106, United States
Building Size
10,500 SF
Asset Type
Retail
Closing
Apr 7, 2022
About this deal
AI
Located at 37-11 30th Street in Long Island City, this retail property was recently involved in a lease transaction. The asset, spanning a total of 7,000 square feet, is owned by Slate Property Group.
Summary of transaction details:
- Property Type: Retail
- Date: 04/08/2022
- Market: Long Island City
- Landlord: Slate Property Group
- Tenant: Diki Sunshine Childcare Center Inc.
- Brokers: Jordan Raphan, Akram Mozeb & Marc Sitt - KSR
- Asking Rent: $40/ft.
Notable individuals involved in the lease transaction were Jordan Raphan, Akram Mozeb, and Marc Sitt from KSR, who represented the tenant, Diki Sunshine Childcare Center Inc. The lease was successfully completed, emphasizing the demand for retail space in Long Island City.
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