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40-16 National St Corona, N...

Updated Oct 29, 2024

Shengbao Zhang Signs Lease For Retail Space At 40-16 National Street In New York City
LEASEDRetail

Shengbao Zhang Signs Lease For Retail Space At 40-16 National Street In New York City

40-16 National St Corona, NY 11368, USA

$70

$70/SF

Building Size

11,250 SF

Asset Type

Retail

Closing

Jul 18, 2023

About this deal

AI

A lease transaction has taken place in New York City. Located at 40-16 National Street, the property involved is a retail space. The lease was secured by KP Developers, represented by Aaron Kahen, as the landlord. On the other side, Shengbao Zhang will serve as the tenant.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Asking Rent: $70/ft
  • Square Footage: 11,250
  • Address: 40-16 National Street, New York City
  • Market: New York City

The lease transaction was facilitated by the B Square Realty team, comprising brokers Barbie Li and James Zhang. They played a critical role in identifying the perfect setting for a new location of the expanding supermarket chain owned by Shengbao Zhang. The retail space in the heart of Corona promises to bring a high-quality supermarket to the local community.

The Barbie Li Team, with their extensive industry experience and a growing network of satisfied landlords and tenants, remains committed to providing excellent commercial real estate services. Landlords looking to maximize their investment or potential tenants searching for their ideal commercial space can reach out to Barbie Li at 347-628-8818 or [email protected] for assistance. The team has a diverse portfolio of high-quality commercial spaces waiting to be explored.

Players

Li Li

B Square Realty

Broker

$83.2M

vol

50 deals

Broker

Aaron Kahen

KP Developers

Landlord

$14.5M

vol

7 deals

Landlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $70 per square foot on a published $70 for 11,250 square feet (2023).

Visit Li (Barbie) Li to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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