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39-06 Main Street

Jeffrey Zhao Leases Retail Space At 39-06 Main Street Flushing For $74 Per Square Foot
LEASEDRetail

Jeffrey Zhao Leases Retail Space At 39-06 Main Street Flushing For $74 Per Square Foot

39-06 Main Street

$74

$74/SF

Building Size

3,200 SF

Asset Type

Retail

Closing

Jul 30, 2026

AI

This property is a retail space located at 39-06 Main Street in Flushing, featuring approximately 3,200 square feet on the second floor. The leased space has an asking rent of $74 per square foot and operates under a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $236,800
  • Tenant: Jeffrey Zhao
  • Broker: Li (Barbie) Li - B Square Realty
  • Lease Type: Modified Gross Lease
  • Date: 07/30/2026

The lease was executed in record time due to effective marketing strategies that highlighted the oversized glass frontage, which allows for strong signage and visibility. The broker's team utilized targeted outreach to ensure the right operator was secured for this commercial space.

Players

Li Li

B Square Realty

Broker

$83.2M

vol

50 deals

Broker

Flushing 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

214364.86%

Cash-on-Cash

-61266.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93