Gotham Pickleball Signs 10-Year Lease At TF Cornerstone's 52-37 2nd Street In Long Island City
52 37 2nd Street
Building Size
26,000 SF
Asset Type
Retail
Closing
Feb 17, 2026
AI
The retail asset involved in the transaction is located at 52-37 2nd Street in Long Island City. The property spans 26,000 square feet and is under the ownership of TF Cornerstone.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 52-37 2nd Street
- Market: Long Island City
- Landlord: Tom Elghanayan - TF Cornerstone
- Tenant: David Goldberg - Gotham Pickleball
- Landlord's Representative: Steve Gonzalez - TF Cornerstone
- Tenant's Representatives: Paul Bralower, Decio Baio & Brendan Burke - Pinnacle Realty of New York; Jack Gabay - Golden Goose Realty
Gotham Pickleball has signed a 10-year lease for 26,000 square feet at the property, expanding its presence in Long Island City after previously opening an 8,000-square-foot facility nearby in 2024.
Players
Long Island City Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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