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
About this deal
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.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93