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
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