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2807 Jackson Ave, Queens, N...

Macy's Leases 300000 Square Feet From Tishman Speyer At 2807 Jackson Ave Queens
LEASEDOffice

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

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.

Players

Ken Meyerson

CBRE

Broker

7 deals

Broker
Tishman Speyer
Tishman SpeyerLandlord
Macy's
Macy'sTenant

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