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
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