Anthony Volman Of Highcap Group Represents Tenant Donald Bristol In Jamaica Industrial Lease With Landlord's Reps Matt Giugliano & Brian Pinnolla Of Cushman & Wakefield
143-29 183rd St Springfield Gardens, NY 11413, USA
$31
$31/SF
Building Size
9,000 SF
Asset Type
Industrial
Closing
Jun 30, 2023
AI
The industrial property located at 143-29 183rd Street in Jamaica has been leased. The property spans 9,000 square feet and was listed at an asking rent of $31.42 per square foot. The lease term is for three years, with options for further extension.
Summary of transaction details
- Property Type: Industrial
- Market: Jamaica
- Address: 143-29 183rd Street
- Asking Rent: $31.42 per square foot
- Square Footage: 9,000
- Lease Term: 3 years with extension options
Peter Crovo is the landlord of the property, while Donald Bristol is the tenant. The landlord was represented by Matt Giugliano and Brian Pinnolla from Cushman & Wakefield. On the other hand, Anthony Volman from Highcap Group acted as the tenant's representative.
Players
New York 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
511709.68%
Cash-on-Cash
-146248.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93