Rong Weiguo Leases Retail Space At 33-54 Farrington Street In Flushing With Barbie Li's Representation
33 54 Farrington Street
$80
$80/SF
Building Size
4,280 SF
Asset Type
Retail
Closing
Oct 1, 2025
AI
The property asset involved in the transaction is a retail space located at 33-54 Farrington Street in Flushing. The asking rent for the 4,280 square foot space is $80 per foot. The lease type is a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80/ft
- Address: 33-54 Farrington Street
- Market: Flushing
- Landlord: Steven Li
- Tenant: Rong Weiguo
- Broker: Barbie Li - B Square Realty
- Lease Type: Retail Lease
- Square Footage: 4,280
Barbie Li from B Square Realty represented the landlord in this transaction. The landlord successfully leased the property within 30 days, achieving one of the highest lease rates in the area due to strategic positioning and a comprehensive marketing strategy that included a multi-channel campaign.
Players
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93