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52 37 2nd Street

Gotham Pickleball Signs 10-Year Lease At TF Cornerstone's 52-37 2nd Street In Long Island City
LEASEDRetail

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:

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

Brendan Burke

Pinnacle Realty of New York

Broker

$68M

vol

14 deals

Broker
TF Cornerstone
TF CornerstoneLandlord

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