Apple TV Plus Signs Lease For Office Space At 34-11 36th Street In Astoria, Queens With JRT Realty Group As The Broker
34-11 36th Avenue, Astoria, Queens, NY, USA
Building Size
90,000 SF
Asset Type
Office
Closing
Jan 28, 2021
About this deal
AI
Apple TV Plus has signed a lease for an office space in Astoria, Queens. The property, located at 34-11 36th Street, is part of the Kaufman Studios complex. The lease was facilitated by JRT Realty Group, representing Apple TV Plus, with the landlord being Kaufman Organization. The office space spans approximately 90,000 square feet.
Summary of transaction details
- Property Type: Office
- Asking Rent: $55/ft.
- Square Footage: 90,000
- Tenant: Apple TV Plus
- Landlord: Kaufman Organization
- Broker: JRT Realty Group
The lease agreement between Apple TV Plus and Kaufman Organization for the office space at 34-11 36th Street in Astoria, Queens, marks an important development. The transaction was carried out with the assistance of JRT Realty Group, representing Apple TV Plus. This strategic move allows Apple TV Plus to establish a presence in Astoria, Queens, and expand its operations in the area. It provides Apple TV Plus with a spacious office space of approximately 90,000 square feet.
Players
Astoria 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