Macy's Leases 300000 Square Feet From Tishman Speyer At 2807 Jackson Ave Queens
2807 Jackson Ave, Queens, NY, 11101
Building Size
300,000 SF
Asset Type
Office
Closing
Jan 22, 2019
About this deal
AI
The property involved in this transaction is a lease located at 2807 Jackson Ave, Queens, NY, 11101, situated within the Long Island City market. The asset encompasses a total of 300,000 square feet. The landlord of the property is Tishman Speyer.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2807 Jackson Ave, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 300000
- Tenant: Macy's
- Tenant's Representative: Ken Meyerson, CBRE
- Landlord: Tishman Speyer
Key individuals in this transaction include the tenant Macy's, represented by Ken Meyerson from CBRE. The landlord overseeing the lease is Tishman Speyer, connecting both parties in this real estate arrangement.
On the Map
Office
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Players
Long Island City 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