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
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