M Star Institute Leases Retail Space In Flushing, NYC | 41-61 Kissena Boulevard | Ross Spitalnick, Michael Wang | Retail | Lease

Summary

Lease

NEW YORK

Retail

5,920 sqft

M Star Institute has leased a retail space located at 41-61 Kissena Blvd. in Flushing. The property, owned by Muss Development, offers a total of 5,920 square feet of space. The lease was finalized on April 1, 2022, with an asking rent of $100 per square foot.

Summary of transaction details

Property Type: Retail
Transaction Date: April 1, 2022
Address: 41-61 Kissena Blvd.
Market: Flushing
Landlord: Muss Development
Tenant: M Star Institute
Asking Rent: $100/ft.
Square Footage: 5,920

Project Queens, represented by Michael Wang, served as the listing agent for this lease transaction. Ross Spitalnick represented the landlord, Muss Development. Project Queens was chosen for their professional approach and understanding of the local Flushing market. It was part of the marketing strategy to find a strong local tenant due to slower activity from national tenants in the area compared to pre-pandemic levels.

In this deal, a local broker brought a great client, and Project Queens was happy to collaborate with them and guide them through the process as needed. The collaboration resulted in a win-win-win situation for everyone involved.

Players

All
3

Agents
2
Agencies
1

Ross Spitalnick

Senior Vice President

Michael Wang

Realtor

Project Queens

Details

Deal Summary

LEASED

IMAGE: Michael Wang DATE: 04/01/2022 ADDRESS: 41-61 Kissena Blvd. MARKET: Flushing ASSET TYPE: Retail LANDLORD: Muss Development TENANT: M Star Institute LANDLORD'S REP: Ross Spitalnick TENANT'S REP: Michael Wang (@MichaelWangNYC) - Project Queens (@ProjectQueensNYC) ASKING RENT: $100/ft. ~ SF: 5,920 NOTE FROM BROKER: Project Queens was hired as the listing agent for this space because of our mix of corporate professionalism & understanding of the local Flushing market. The activity from national tenants in the area has been slow compared to pre-pandemic levels, so finding a strong local tenant was part of the marketing strategy. Something I would like to highlight is that we do not hold back on marketing & work with all brokers. In this deal, a local broker brought a great client & we were happy to co-broke with them & walk them through the deal when needed. Overall, they did a great job. A real win-win-win for everyone involved!

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Address41-61 Kissena Boulevard

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