Pantheon Equipment Leasing LLC Leases Industrial Space In Long Island City From Moe Malik
50-09 27th Street, Long Island City, Queens, NY, USA
Building Size
80,000 SF
Asset Type
Industrial
Closing
Feb 29, 2020
AI
An industrial property located at 50-09 27th Street in Long Island City was leased on March 1, 2020. The property spans approximately 80,000 square feet and is situated in the market of Long Island City.
Summary of transaction details
- Property Type: Industrial
- Tenant: Pantheon Equipment Leasing LLC
- Landlord: Moe Malik
- Brokers: Gurpreet (Sonny) Singh - Singh.Cre, Sabbir Ahmed - EliteSynergyRealty
- Asking Rent: $18/ft.
Gurpreet (Sonny) Singh from Singh.Cre and Sabbir Ahmed from EliteSynergyRealty represented the tenant in the deal.
For M-Zoned properties, @singh.cre and @elitesynergyrealty can provide ground lease valuations and consultations, offering an alternative to selling the property.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93