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12-01 Astoria Boulevard

Esad Dzafara Leases Industrial Space In Astoria, Queens For $25/ft
LEASEDIndustrial

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

Adis Kolenovic

Kole Group

Broker

$11.4M

vol

10 deals

Broker

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