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211-55 45th Drive, Queens, ...

Beyond After Center Inc. Leases Special Purpose Space In Bayside, Queens
LEASED

Beyond After Center Inc. Leases Special Purpose Space In Bayside, Queens

211-55 45th Drive, Queens, New York 11361, United States

Building Size

2,800 SF

Asset Type

Closing

Jun 12, 2022

AI

Located at 211-55 45th Drive, this special purpose property in Bayside, Queens recently closed a lease transaction. The deal was facilitated by brokers Rodney Nassimian and Anthony Volman from Highcap Group. The property spans across 2,800 square feet and was leased by Beyond After Center Inc. The landlord of the property is George Kontolios.

Summary of transaction details

  • Property Type: Special Purpose
  • Asking Rent: $32 per square foot
  • Size: 2,800 square feet
  • Date: June 13, 2022
  • Market: Bayside, Queens

Nassimian and Volman, representing Highcap Group, played a pivotal role in this lease agreement. Beyond After Center Inc. will now occupy the special purpose property leased from landlord George Kontolios.

Players

Rodney Nassimian

Highcap Group

Broker

$73.1M

vol

18 deals

Broker

George Kontolios

Landlord

2 deals

Landlord

New York CRE Market Snapshot

Boundary boundary · CRE · 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