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1616 Whitestone Expy, White...

E.E. Cruz & Company, Inc. Signs Lease For Office Space At 1616 Whitestone Expressway In Flushing, Queens
LEASEDOffice

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

Frank Liggio

Cushman & Wakefield

Broker

$71.9M

vol

3 deals

Broker

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