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
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