Updated Oct 28, 2024
Northstar KIA Leases Industrial Property In Woodside, Queens For $23/ft
53 37th Avenue, Queens, New York 11101, United States
Building Size
23,000 SF
Asset Type
Industrial
Closing
May 5, 2022
About this deal
AI
An industrial property located at 53-05 37th Ave in Woodside, Queens has been leased. The transaction took place on 05/06/2022. The asset has a size of 23,000 square feet and is situated in the Woodside market.
Summary of transaction details
- Property Type: Industrial
- Date: 05/06/2022
- Address: 53-05 37th Ave
- Market: Woodside, Queens
The landlord of the property is Ryan Mehra, while the new tenant is Northstar KIA represented by Robert Xerri. Luca DiCiero from NY Space Finders Inc. acted as the tenant's representative, and Kostas Alafoyiannis from Greiner-Maltz Company of NY Inc. represented the landlord, Ryan Mehra.
The asking rent for the lease was $23 per square foot, with a total size of 23,000 square feet.
On the Map
Industrial
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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