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37-56 103rd St, Corona, NY,...

Updated Oct 28, 2024

Ladino Dental PLLC Leases Retail Space In Corona For $42/ft
LEASEDRetail

Ladino Dental PLLC Leases Retail Space In Corona For $42/ft

37-56 103rd St, Corona, NY, USA

Building Size

2,000 SF

Asset Type

Retail

Closing

Jun 11, 2020

About this deal

AI

37-56 103rd St. in Corona has recently been leased for retail purposes. The property, which spans 2,000 square feet, was leased by Ladino Dental PLLC. The landlord, Mike Sol, was represented by Project Queens' Michael Wang. The asking rent for the space was $42 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Tenant: Ladino Dental PLLC
  • Landlord: Mike Sol
  • Landlord's Representative: Project Queens - Michael Wang
  • Asking Rent: $42/ft.
  • Square Feet: 2,000

Michael Wang of Project Queens served as the representative for Mike Sol, the landlord of the property. Ladino Dental PLLC secured the lease for the retail space at 37-56 103rd St. in Corona.

Players

Michael Wang

Project Queens

Broker

14 deals

Broker

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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

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