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30 30 47th Avenue

New York City School Construction Authority Signs Long-Term Lease At 30-30 47th Avenue
LEASEDOffice

New York City School Construction Authority Signs Long-Term Lease At 30-30 47th Avenue

30 30 47th Avenue

$45

$45/SF

Building Size

75,000 SF

Asset Type

Office

Closing

Jun 16, 2025

AI

The asset involved in this transaction is an office building located at 30-30 47th Avenue in the Long Island City market. The property comprises 75,000 square feet and has an asking rent of $45 per square foot.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Long-term renewal
  • Landlord: Jeffrey A. Goldberger - Atlas Capital Group
  • Tenant: New York City School Construction Authority
  • Brokers: Brian Waterman, Jordan Gosin & Alex Rosenblum - Newmark

This transaction highlights the involvement of key representatives in the deal, with Jeffrey A. Goldberger representing Atlas Capital Group as the landlord and the New York City School Construction Authority as the tenant. The brokerage firm Newmark facilitated the agreement through its team of Brian Waterman, Jordan Gosin, and Alex Rosenblum.

Players

Brian Waterman

Newmark

Broker

$300.4M

vol

30 deals

Broker
Newmark
NewmarkBrokerage

Jeff Goldberger

Atlas Capital Group

Landlord

$1.1B

vol

10 deals

Landlord
Atlas Capital Group
Atlas Capital GroupLandlord

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93