Jianchun Wang Leases Retail Space At 41-10A Main St. In Flushing, NY With Broker Barbie Li
41-10a Main St, Flushing, NY, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Aug 2, 2020
About this deal
AI
A retail property located at 41-10A Main St. in Flushing was recently leased. The property, measuring approximately 1,200 square feet, was leased by tenant Jianchun Wang. The landlord of the property is Clara Cheng. The leasing deal was facilitated by Barbie Li of the Barbie Li agency, specializing in commercial sales and lease in Flushing, NY.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 41-10A Main St.
- Market: Flushing
Barbie Li, from the Barbie Li agency, represented the tenant, Jianchun Wang, in this leasing deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93