Halo Branded Solutions Leases 17684 SF At 3030 47th Ave Long Island City From Invesco Real Estate
3030 47th Ave, Queens, NY, 11101
$42
$42/SF
Building Size
17,684 SF
Asset Type
Office
Closing
Oct 25, 2018
AI
The property involved in this lease transaction is located at 3030 47th Ave, Queens, NY, 11101, within the Long Island City market. The rental rate is set at $42 per square foot, encompassing a total area of 17,684 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3030 47th Ave, Queens, NY, 11101
- Market: Long Island City
- Tenant: Halo Branded Solutions
- Landlord: Invesco Real Estate
- Tenant's Representative: Kenneth Salzman (Lee & Associates NYC)
This transaction highlights the involvement of Halo Branded Solutions as the tenant securing the lease agreement, represented by Kenneth Salzman from Lee & Associates NYC. The landlord of the property is Invesco Real Estate.
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
377690.48%
Cash-on-Cash
-107945.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93