ReadySpaces Leases 90000 SF Industrial Space At 5910 Decatur St, Queens
5910 Decatur St, Queens, NY, 11385
Building Size
90,000 SF
Asset Type
Industrial
Closing
Nov 29, 2021
AI
The industrial property located at 5910 Decatur St in Queens, NY, 11385, in the Ridgewood market, has been leased. The asset, spanning 90,000 square feet, was leased by ReadySpaces from the landlord AB & Sons. The lease was facilitated by Steve Nadel of Pinnacle Realty of New York.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: ReadySpaces
- Landlord: AB & Sons
- Address: 5910 Decatur St, Queens, NY, 11385
- Market: Ridgewood
- Landlord's Rep: Steve Nadel (Pinnacle Realty of New York)
- Square Feet: 90,000
Steve Nadel from Pinnacle Realty of New York represented the landlord, AB & Sons, in the leasing transaction. The tenant, ReadySpaces, secured the industrial space for their operations, marking a significant agreement in the Ridgewood market.
Players
Ridgewood 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