E.E. Cruz & Company, Inc. Signs Lease For Office Space At 1616 Whitestone Expressway In Flushing, Queens
1616 Whitestone Expy, Whitestone, NY 11357, USA
Building Size
15,365 SF
Asset Type
Office
Closing
May 10, 2020
AI
An office building located at 1616 Whitestone Expressway in Flushing, Queens has been involved in a recent transaction. The property spans 15,365 square feet and was leased by E.E. Cruz & Company, Inc. The landlord of the building is 16-16 MT, LLC, represented by John Lundsten. The lease was negotiated by Stephen R. Preuss and Frank Liggio from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 1616 Whitestone Expressway
- Market: Flushing, Queens
Stephen R. Preuss and Frank Liggio from Cushman & Wakefield represented the landlord, 16-16 MT, LLC, in the deal. E.E. Cruz & Company, Inc. leased the 15,365 square feet office space located at 1616 Whitestone Expressway in Flushing, Queens.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93