Marpe LLC Leases 2021 Square Feet At 4215 Crescent St From WWG Crescent In Long Island City
4215 Crescent St, Queens, NY, 11101
Building Size
2,021 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 4215 Crescent St, Queens, NY, 11101, within the Long Island City market. It encompasses a total of 2021 square feet. The landlord is WWG Crescent, and the tenant is Marpe LLC.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4215 Crescent St, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 2021
- Landlord's Representative: Jeremy Wintner - Winick Realty Group
- Tenant: Marpe LLC
- Landlord: WWG Crescent
The transaction features key individuals such as Jeremy Wintner, representing the landlord, WWG Crescent, through Winick Realty Group. The tenant, Marpe LLC, is central to this lease agreement with the landlord.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93