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11829 Queens BLVD, Queens, ...

DCAS For New York Police Dept Leases Office Space In Forest Hills
LEASEDOffice

DCAS For New York Police Dept Leases Office Space In Forest Hills

11829 Queens BLVD, Queens, NY, 113...

Building Size

16,927 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The office space located at 11829 Queens Blvd in Forest Hills, NY, 113... spans across 16,927 square feet. The landlord, Muss Development, finalized a lease agreement with the Tenant, DCAS for New York Police Department. The Landlord's representative in the transaction was William Korchak from JLL.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 11829 Queens Blvd, Queens, NY, 113...
  • Market: Forest Hills
  • Tenant: DCAS for New York Police Department
  • Landlord: Muss Development
  • Square Feet: 16,927
  • Landlord's Rep: William Korchak (JLL)

The lease transaction involved the Tenant, DCAS for New York Police Department, securing the 16,927 square feet office space from Muss Development. The negotiation and agreement process were facilitated by William Korchak representing the Landlord in the deal.

Players

William Korchak

JLL

Broker

9 deals

Broker
Muss Development
Muss DevelopmentLandlord

Forest Hills Office Market Snapshot

Boundary boundary · 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