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
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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