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3100 47th Ave, Queens, NY, ...

Savanna Leases Office Space At 3100 47th Ave, Queens, NY For 6500 Sq Ft
LEASEDOffice

Savanna Leases Office Space At 3100 47th Ave, Queens, NY For 6500 Sq Ft

3100 47th Ave, Queens, NY, 11101

Building Size

6,500 SF

Asset Type

Office

Closing

Nov 9, 2021

AI

The office property located at 3100 47th Ave, Queens, NY, 11101 in Long Island City, spanning 6500 square feet, was recently leased. The landlord, Savanna, was represented by Mitchell Arkin from Cushman & Wakefield for this transaction.

Summary of transaction details:

The leasing deal was facilitated with Mitchell Arkin from Cushman & Wakefield representing Savanna, the landlord, in this transaction. The office property's location in Long Island City further adds to its appeal in the market.

Players

Mitchell Arkin

Cushman & Wakefield

Broker

9 deals

Broker
KR
KBS Strategic Opportunity REITLandlord

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