Updated Jan 16, 2026
QSAC Signs Long-Term Lease For 23633 SF Medical Office At 711 Stewart Avenue Garden City
711 Stewart Avenue
Building Size
23,633 SF
Asset Type
Medical Office
Closing
Jan 15, 2026
About this deal
AI
The asset involved in this lease is a medical office located at 711 Stewart Avenue, in Garden City. The space encompasses 23,633 square feet, facilitating the operations of a healthcare-related entity.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Long-term lease
- Address: 711 Stewart Avenue
- Market: Garden City
- Landlord: Benedict Realty Group
- Tenant: QSAC
- Landlord's Rep: Kyle Crennan & Joseph Lopresti - JLL
- Tenant's Rep: Roy Chipkin - CBRE
QSAC, a nonprofit organization dedicated to serving individuals with autism, is now set to enhance its regional services by occupying portions of the first and second floors of the property following the signing of the lease.
On the Map
Medical Office
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Players
Garden City Medical Office Market Snapshot
Boundary boundary · Medical Office · 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