Hiteshkumar Patel Leases Retail Space At 75-43 Parsons Blvd, Fresh Meadows With Barbie Li - $60/ft
75-43 Parsons Blvd, Fresh Meadows, NY, USA
Building Size
800 SF
Asset Type
Retail
Closing
Dec 30, 2020
AI
The retail property located at 75-43 Parsons Blvd, Fresh Meadows has been leased. The asset spans 800 square feet and is situated in a prime location. The lease transaction was completed on December 31, 2020.
Summary of transaction details
- Property Type: Retail
- Tenant: Hiteshkumar Patel
- Landlord: Weihong Hu
- Broker: Barbie Li - Agency
- Asking Rent: $60 per square foot
Barbie Li, a prominent broker, facilitated the lease of this retail space. With extensive experience and knowledge, Barbie has successfully leased over 20,000 square feet of retail space during the challenging period of Covid-19. Her expertise in the market makes her an ideal choice for anyone seeking commercial spaces. Whether you are looking for a tenant or searching for the perfect match for your retail space, contact Barbie Li for efficient and timely assistance. Connect with Barbie Li at @Barbie_Li_NY_Broker on Instagram.
Players
Fresh Meadows 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