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:
- Property Type: Office
- Transaction Amount: Not Available
- Market: Long Island City
- Landlord: Savanna
- Landlord's Representative: Mitchell Arkin (Cushman & Wakefield)
- Square Feet: 6500
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
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