RCN Telecom Services Leases 6944 Square Feet In Long Island City From Werwaiss & Co
2215 43rd Ave, Queens, NY, 11101
Building Size
6,944 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is a lease located at 2215 43rd Ave, Queens, NY, 11101, in the Long Island City market. The total square footage of the leased space is 6,944 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: RCN Telecom Services
- Landlord: Werwaiss & Co
- Tenant's Representative: Gary Kamenetsky-CBRE
The deal showcases RCN Telecom Services as the tenant entering into a lease agreement, represented by Gary Kamenetsky from CBRE. The landlord for this property is Werwaiss & Co, highlighting the key players involved in finalizing the transaction.
Players
Long Island City Industrial Market Snapshot
Boundary boundary · Industrial · 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