Kaufman Organization Leases 21261 Square Feet To Ann Sacks In Long Island City
2101 51st Ave, Queens, NY, 11101
Building Size
21,261 SF
Asset Type
Office
Closing
Feb 2, 2023
AI
The property involved in this transaction is located at 2101 51st Ave, Queens, NY, 11101, within the Long Island City market. The asset encompasses a total of 21,261 square feet. The landlord is Kaufman Organization.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2101 51st Ave, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 21,261
- Landlord's Representative: Leslie Lanne & James Ferrigno - JLL
- Tenant: Ann Sacks
The deal features representatives from JLL, with Leslie Lanne and James Ferrigno acting on behalf of the landlord, Kaufman Organization, facilitating the lease transaction with tenant Ann Sacks.
Players
Long Island City Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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