facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

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

Polo Ralph Lauren Leases 19105 Square Feet At 3030 47th Ave Long Island City With Gabe Marans
LEASEDOffice

Polo Ralph Lauren Leases 19105 Square Feet At 3030 47th Ave Long Island City With Gabe Marans

3030 47th Ave, Queens, NY, 11101

Building Size

19,105 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 3030 47th Ave, Queens, NY, 11101. It is positioned in the Long Island City market and encompasses a total space of 19,105 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3030 47th Ave, Queens, NY, 11101
  • Market: Long Island City
  • Square Feet: 19,105
  • Tenant: Polo Ralph Lauren
  • Landlord: Invesco Real Estate
  • Tenant's Representative: Gabe Marans - Savills Studley
  • Broker: David Goldstein - Savills

This transaction features key representatives, including Gabe Marans who represents Polo Ralph Lauren and David Goldstein who serves as the broker. The landlord, Invesco Real Estate, is also an essential party in this lease agreement.

Players

David Goldstein

Savills

Broker

8 deals

Broker
Invesco Real Estate
Invesco Real EstateLender
Invesco Real Estate
Invesco Real EstateLandlord

Long Island City Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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