Updated Oct 28, 2024
LIC Motor Group Leases Industrial Space In Long Island City, Queens At 47-01 Northern Blvd
47-01 Northern Boulevard, Long Island City, NY, 11101, USA
Building Size
9,000 SF
Asset Type
Industrial
Closing
Jun 1, 2020
About this deal
AI
An industrial property located at 47-01 Northern Blvd. in Long Island City, Queens, was recently leased. The property, with a total square footage of 9,000, was leased for a rent of $31 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Lease
The tenant, LIC Motor Group, will be occupying the leased space. The landlord of the property is Ashley Cho from AYC Properties. The lease deal was facilitated by brokers Luca Diciero and Faisal Gilani from NYSpaceFinders.
On the Map
Industrial
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Players
Long Island City 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93