Updated Dec 4, 2024
ENT & Allergy Associates Secures Medical Office Lease In Flushing, Queens
35-30 Francis Lewis Boulevard
Building Size
10,000 SF
Asset Type
Medical Office
Closing
Feb 21, 2024
About this deal
AI
The medical office located at 35-30 Francis Lewis Boulevard in Flushing, Queens, spanning 10,000 square feet, was leased to ENT & Allergy Associates. The landlord, Joe Simone of Simone Development, facilitated the lease transaction with the tenant, Daniel Blum.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Landlord: Joe Simone - Simone Development
- Tenant: Daniel Blum - ENT & Allergy Associates
- Landlord's Representative: Miles Mahony - Ripco
- Tenant's Representative: Jonathan Serko - Cushman & Wakefield
Jonathan Serko of Cushman & Wakefield represented ENT & Allergy Associates in securing the lease, while Miles Mahony from Ripco was the landlord's representative in the transaction.
On the Map
Medical Office
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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