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
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