Sheldon Stein Leases Retail Space To Ling Yun At 41-07 Crescent Street For $90/ft
41-07 Crescent Street
Building Size
4,000 SF
Asset Type
Retail
Closing
Nov 4, 2026
About this deal
AI
The retail property located at 41-07 Crescent Street in Long Island City has a lease type categorized as a Retail Lease with an asking rent of $90 per square foot, spanning a total area of 4,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $360,000
- Lease Type: Retail Lease
- Landlord: Sheldon Stein
- Tenant: Ling Yun
- Brokers: David Green & Benjamin Namdar - KSR
The deal involved Sheldon Stein representing the landlord and Ling Yun as the tenant, with the transaction facilitated by brokers David Green and Benjamin Namdar from KSR.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93