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
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