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New York City Employees’ Retirement System Leases Office Space In Long Island City

Property Image
LEASED
Alex Rosenblum
Howard Kesseler
+ 1

New York

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Office30,559 SF
Leased 06/16/2022
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Property Image
LEASED

New York City Employees’ Retirement System Leases Office Space In Long Island City

30-30 47th Avenue, Queens, New York 11101, United States

See Similar Deals
Office30,559 SF
Leased 06/16/2022
Alex Rosenblum
Howard Kesseler
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Total Square Footage:30,559 SF
Transaction Type:Lease

Atlas Capital Group, Invesco Real Estate, and Partners Group have leased out the office space located at 30-30 47th Ave in Long Island City. The tenant in this transaction is the New York City Employees’ Retirement System. Newmark represented both parties in the deal, with Brian Waterman, Howard Kesseler, Jordan Gosin, and Alex Rosenblum acting as brokers.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 06/16/2022
  • Address: 30-30 47th Ave
  • Market: Long Island City
  • Landlord: Atlas Capital Group, Invesco Real Estate, and Partners Group
  • Tenant: New York City Employees’ Retirement System
  • Brokers: Brian Waterman, Howard Kesseler, Jordan Gosin, and Alex Rosenblum - Newmark
  • Asking Rent: $50/ft.
  • SF: 30,559

The deal was facilitated by the combined efforts of Atlas Capital Group, Invesco Real Estate, and Partners Group, who serve as the landlords in this lease agreement. On the tenant side, the New York City Employees’ Retirement System secured the office space. The brokerage team from Newmark, comprising Brian Waterman, Howard Kesseler, Jordan Gosin, and Alex Rosenblum, represented both parties in the transaction.

Players

Brian Waterman
30 deals$300.4M volume
BROKER

Howard Kesseler
Newmark
11 deals$37.3M volume
BROKER

Jordan Gosin
Newmark
10 deals
BROKER


Invesco Real Estate
LENDER



Details

LEASED
IMAGE: Brian Waterman, Howard Kesseler, Scott Dennis, Jordan Gosin & Alex Rosenblum DATE: 06/16/2022 ADDRESS: 30-30 47th Ave MARKET: Long Island City ASSET TYPE: Office LANDLORD: Atlas Capital Group (@Atlas.Capital_Group), Invesco Real Estate & Partners Group TENANT: New York City Employees’ Retirement System BROKERS: Brian Waterman (@BriansWaterman), Howard Kesseler, Jordan Gosin & Alex Rosenblum - Newmark (@Newmark) ASKING RENT: $50/ft. ~ SF: 30,559

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Deal Type
Effective Rent (Annual)

$1,751,623.44

Total Lease Value

$17,516,234.39

Net Landlord Cash Flow$1,751,623.44