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5910 Decatur St, Queens, NY...

ReadySpaces Leases 90000 SF Industrial Space At 5910 Decatur St, Queens
LEASEDIndustrial

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

Steve Nadel

Pinnacle Realty of New York

Broker

3 deals

Broker
AS
AB & SonsLandlord
R
ReadySpacesTenant

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