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3030 47th Ave, Queens, NY, ...

Gwynnie Bee Signs Lease With Atlas Capital Group For 12700 Square Feet In Long Island City
LEASEDOffice

Gwynnie Bee Signs Lease With Atlas Capital Group For 12700 Square Feet In Long Island City

3030 47th Ave, Queens, NY, 11101

Building Size

12,700 SF

Asset Type

Office

Closing

Jun 23, 2015

AI

The property located at 3030 47th Ave in Long Island City, Queens, NY encompasses a total area of 12,700 square feet. This lease transaction involves the tenant Gwynnie Bee, which has secured the space through a formal agreement with landlord Atlas Capital Group.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3030 47th Ave, Queens, NY, 11101
  • Market: Long Island City
  • Square Feet: 12,700
  • Tenant: Gwynnie Bee
  • Landlord: Atlas Capital Group
  • Tenant's Representative: Christie Bennet-Newmark Grubb Knight Frank
  • Landlord's Representatives: Howard Kesseler, Brian Waterman, Jordan Gosin, Brett Bedevian - Newmark Grubb Knight Frank

The deal was facilitated by tenant representatives Christie Bennet and Robin Fisher from Newmark Grubb Knight Frank, ensuring that Gwynnie Bee found a suitable location in a competitive market. The landlord, Atlas Capital Group, was represented by a team from Newmark Grubb Knight Frank, including Howard Kesseler, Brian Waterman, Jordan Gosin, and Brett Bedevian.

Players

Christie Bennet

CBRE

Broker

7 deals

Broker
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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93