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75-43 Parsons Blvd Flushing...

Jimmy Ramon Leases Retail Space At 75-43 Parsons Boulevard In New York City
LEASEDRetail

Jimmy Ramon Leases Retail Space At 75-43 Parsons Boulevard In New York City

75-43 Parsons Blvd Flushing, NY 11366, USA

$60

$60/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

May 26, 2023

AI

The retail space located at 75-43 Parsons Boulevard in New York City has been leased. The property, with a size of 1,000 square feet, was leased for a term of 5 years at an asking rent of $60 per square foot. The successful lease of this first-floor unit marks another milestone in the ongoing partnership between the landlord, Weihong Hu, and the tenant, Jimmy Ramon.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Rent: $60/ft
  • Square Footage: 1,000
  • Lease Term: 5 years

Barbie Li from B Square Realty represented both the landlord, Weihong Hu, and the tenant, Jimmy Ramon, in this lease transaction. Barbie Li and her team have been instrumental in transforming the face of this building, unit by unit. They have successfully leased all of the first-floor units, contributing to a thriving business environment and community. With their expertise and a wide network of satisfied landlords and tenants, Barbie Li and her team continue to offer high-quality commercial real estate services. Landlords looking to maximize their investments and potential tenants in search of their ideal commercial space can contact Barbie Li at 646-889-9988 or email her at [email protected] to explore the diverse portfolio of available spaces.

Note from Barbie Li: It's another successful day at Barbie Li Team as we celebrate the lease of another first-floor unit in this building. This marks another milestone in our ongoing partnership with the landlord, we've had the privilege of transforming the face of this building, unit by unit. Starting with the entire second floor to a chained education center, we've now leased all of the first-floor units as well, crafting a thriving business environment and community in the process. With a wealth of experience in the industry and a growing network of satisfied landlords and tenants, we're committed to bringing you the best in commercial real estate services. If you are a landlord seeking to maximize your investment, or a potential tenant looking for your ideal commercial space, don't hesitate to reach out. We still have a diverse portfolio of high-quality commercial spaces waiting for you. Contact 646-889-9988 ([email protected]) today and experience the difference of working with the top local team.

Players

Li Li

B Square Realty

Broker

$83.2M

vol

50 deals

Broker

Weihong Hu

Landlord

$35M

vol

5 deals

Landlord

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93