AT&T Leases Retail Space At 39-15 Main Street Flushing For $650 Per Foot
39-15 Main Street
Building Size
4,000 SF
Asset Type
Retail
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 39-15 Main Street in Flushing. The asking rent for this space is set at $650 per square foot, with a total square footage of 4,000. The lease type established for this property is a Modified Gross Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $650/ft
- Square Footage: 4,000
- Address: 39-15 Main Street
- Market: Flushing
- Landlord: Roosevelt Lee
- Tenant: AT&T
- Landlord's Representative: Thomas Capuano & Christopher (Chris) Okada - Okada & Company
The key individuals involved in this transaction include the landlord, Roosevelt Lee, and tenant, AT&T. The landlord is represented by Thomas Capuano and Christopher (Chris) Okada from Okada & Company, showcasing their role in facilitating this lease agreement.
On the Map
Retail
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Players
Flushing 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
24404.62%
Cash-on-Cash
-6974.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93