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3702 Queens BLVD, Queens, N...

37 Plaza Leases 2820 Square Feet At 3702 Queens Blvd In Long Island City With David Park As Landlord's Representative
LEASEDRetail

37 Plaza Leases 2820 Square Feet At 3702 Queens Blvd In Long Island City With David Park As Landlord's Representative

3702 Queens BLVD, Queens, NY, 11101

Building Size

2,820 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 3702 Queens Blvd, Queens, NY, 11101, within the Long Island City market. This leased asset encompasses a total area of 2,820 square feet. The landlord associated with this property is 37 Plaza.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3702 Queens BLVD, Queens, NY, 11101
  • Market: Long Island City
  • Landlord's Representative: David Park - MTY Group Inc.
  • Landlord: 37 Plaza
  • Square Feet: 2820

This transaction involves David Park from MTY Group Inc., who represents the landlord, 37 Plaza, in this leasing deal. The focus of this lease is on the property located in a key area of Queens, NY.

Players

David Park

MTY Group

Broker

3 deals

Broker
3P
37 PlazaLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93