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
New York 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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93