New York Times Company Leases 57846 Square Feet At 2401 44th Rd Long Island City
2401 44th Rd, Queens, NY, 11101
Building Size
57,846 SF
Asset Type
Office
Closing
Aug 8, 2019
About this deal
AI
The property involved in this transaction is located at 2401 44th Rd, Queens, NY, 11101. It is situated in the Long Island City market and includes a total area of 57,846 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 2401 44th Rd, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 57,846
- Landlord: United Nations Federal Credit Union
- Tenant: New York Times Company
- Landlord's Representative: Lauren Calandriello - JRT Realty Group, Gregory Smith
This transaction showcases a significant lease between the United Nations Federal Credit Union and the New York Times Company, with representation from Lauren Calandriello of JRT Realty Group and Gregory Smith. The deal reflects the active engagement of both parties in the commercial real estate landscape in New York.
On the Map
Office
View full map
Players
Long Island City Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Long Island City office leases on Traded.
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