PCP Medical Office Leases 6,500 SF Office Space At 148-46 Hillside Avenue In Queens
148-46 Hillside Ave. Queens, NY 11435, USA
$40
$40/SF
Building Size
6,500 SF
Asset Type
Office
Closing
Jul 1, 2023
AI
The PCP Medical Office has leased a 6,500 square feet office space located at 148-46 Hillside Avenue in Queens. The property is owned by ZD Jasper Realty and was represented in the deal by Stephen Weber and Joshua Singer from The Heller Organization. The lease term is for 10 years with an asking rent of $40 per square foot.
Summary of transaction details:
- Property Type: Office
- Asking Rent: $40 per square foot
- Lease Term: 10 years
- Square Footage: 6,500
- Address: 148-46 Hillside Avenue, Queens
- Landlord: ZD Jasper Realty
- Tenant: PCP Medical Office
- Brokers: Stephen Weber & Joshua Singer - The Heller Organization
Stephen Weber and Joshua Singer, representing The Heller Organization, played a key role in facilitating the lease agreement between PCP Medical Office and ZD Jasper Realty. This lease transaction marks a significant milestone for both parties involved in the deal.
Players
New York 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93