American's Best Deal ABD Leases Retail Space In Sunnyside, Queens With Brokers Luca DiCiero & Faisal Gilani - NY Space Finders
4507 48th Avenue, Sunnyside, Queens County, NY, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Apr 16, 2021
About this deal
AI
The retail property located at 45-07 48th Ave in Sunnyside, Queens was recently leased. The transaction took place on April 17, 2021. The asset has a total area of 5,000 square feet and is situated in the Sunnyside market.
Summary of transaction details
- Property Type: Retail
- Transaction Date: April 17, 2021
- Address: 45-07 48th Ave
- Market: Sunnyside, Queens
The tenant who leased the property is Americans Best Deal ABD. The landlord of the retail space is Mark Misk. The lease was facilitated by the brokers Luca DiCiero and Faisal Gilani from NY Space Finders.
The leasing rate for the property was set at $50 per square foot. The total area of the retail space is 5,000 square feet.
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