Metropolitan Two Realty Leases 6000 Square Feet To Tenant With Representatives John B. Aires And Jonathan Stravitz In Forest Hills
5950 Metropolitan Ave, Queens, NY, 1...
Building Size
6,000 SF
Asset Type
—
Closing
Nov 9, 2022
AI
The property asset involved in the transaction is located at 5950 Metropolitan Ave, Queens, NY, in the Forest Hills market. It has a total area of 6000 square feet. The landlord of the property is Metropolitan Two Realty.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 5950 Metropolitan Ave, Queens, NY
- Market: Forest Hills
- Square Feet: 6000
- Landlord: Metropolitan Two Realty
- Tenant's Representatives: John B. Aires, Jonathan Stravitz
The transaction features representation from John B. Aires and Jonathan Stravitz, who acted as the tenant's representatives in the deal, facilitating the lease agreement for the aforementioned property.
Players
Forest Hills CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
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