Daniel Kim Leases Retail Space At 81-07 Kew Gardens Road From Yong Chen For $68/ft
81-07 Kew Gardens Road
$68
$68/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Apr 1, 2026
About this deal
AI
The property asset involved in the transaction is a retail lease located at 81-07 Kew Gardens Road in the Kew Gardens market. This new development encompasses 10,000 square feet and has been fully leased at an asking rent of $68 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $68/ft
- Address: 81-07 Kew Gardens Road
- Market: Kew Gardens
- Tenant: Daniel Kim
- Landlord: Yong Chen
- Broker: Li (Barbie) Li - B Square Realty
- Lease Type: Retail Lease
Li (Barbie) Li, representing B Square Realty, facilitated this lease-up, which now features tenants including TOUS les JOURS, a global French-Asian bakery brand, and KidsUnited, a national youth soccer franchise. This leasing approach aimed to create a community-focused retail ecosystem, enhancing the property’s long-term asset value through a carefully curated tenant mix.
On the Map
$68
$68/SF
Retail
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Players
Kew Gardens 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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93