facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

All

/

Lease

/

9777 Queens BLVD, Queens, N...

New York Life Leases 20,000 SF Space In Rego Park, Queens
LEASED

New York Life Leases 20,000 SF Space In Rego Park, Queens

9777 Queens BLVD, Queens, NY, 11374

Building Size

20,000 SF

Asset Type

Closing

Nov 20, 2023

AI

Located at 9777 Queens Blvd in Rego Park, New York, the recently leased office space spans 20,000 square feet. The property serves as the new office location for insurance giant New York Life.

Summary of transation details:

JLL, acting as the tenant's representative, facilitated the 20,000-square-foot office lease agreement at 9777 Queens Blvd. On the landlord's side, LeFrak was represented by Marylou Berk of the LeFrak Organization, alongside internal agents Meredith Jackness and Michael Leary, as well as Roy Chipkin from CBRE.

Players

Michael O’Leary

Lee & Associates

Broker

5 deals

Broker
New York Life
New York LifeLender
New York Life
New York LifeTenant

Rego Park 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