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1041 Coney Island Avenue

Quest Diagnostics Leases 2,000 SF Of Multifamily Space In New York City
LEASEDMultiFamily

Quest Diagnostics Leases 2,000 SF Of Multifamily Space In New York City

1041 Coney Island Avenue

$70

$70/SF

Building Size

2,000 SF

Asset Type

MultiFamily

Closing

Jun 15, 2023

AI

The property involved in this lease transaction is a multifamily asset located at 1041 Coney Island Avenue in New York City. The landlord, Israel Family, has reached an agreement with the tenant, Quest Diagnostics, to lease the space. The landlord's representative in this deal is Meyer Dagmy from MOD, while CBRE represents the tenant. The lease agreement was signed on 06/15/2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Address: 1041 Coney Island Avenue, New York City
  • Tenant: Quest Diagnostics
  • Landlord: Israel Family
  • Landlord's Representative: Meyer Dagmy - MOD
  • Tenant's Representative: CBRE
  • Asking Rent: $70/ft
  • Size: 2,000 sq ft

Note from broker: MOD has been exclusively retained to market 10,000 sq ft of retail space in Ditmas Park. Option Care Health and Quest Diagnostics have already signed on. Currently, there are 2,500 sq ft available on the corner. For more information, please reach out to [email protected].

Players

Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker

Israel Family

Landlord

$5.2M

vol

3 deals

Landlord
QD
Quest DiagnosticsTenant

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93