Esad Dzafara Leases Industrial Space In Astoria, Queens For $25/ft
12-01 Astoria Boulevard
$25
$25/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
May 15, 2024
AI
The industrial property located at 12-01 Astoria Boulevard in Astoria, Queens, was leased in a transaction involving Langsam Property Services as the landlord and Esad Dzafara as the tenant. The leasing deal was facilitated by Adis Kolenovic from Kole Group. The lease type was a NNN Lease with an asking rent of $25 per square foot for a space measuring 10,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Address: 12-01 Astoria Boulevard
- Market: Astoria, Queens
- Tenant: Esad Dzafara
- Landlord: Langsam Property Services
- Broker: Adis Kolenovic - Kole Group
- Asking Rent: $25/ft
- Lease Type: NNN Lease
- Square Footage: 10,000
Adis Kolenovic from Kole Group played a crucial role in representing the tenant, Esad Dzafara, in securing the lease for the industrial property. Both parties stand to benefit from this transaction as they enter into an agreement that aligns with their respective needs and objectives in the Astoria market. The involvement of Langsam Property Services further underscores the strategic partnerships that are formed to facilitate successful real estate transactions in the Queens area.
Players
Astoria Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93