facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

36-16 13th Street

Nicholas Stefanou Leases Office Space At 36-16 13th Street To Power Concrete For 2 Years
LEASEDOffice

Nicholas Stefanou Leases Office Space At 36-16 13th Street To Power Concrete For 2 Years

36-16 13th Street

$24

$24/SF

Building Size

2,000 SF

Asset Type

Office

Closing

Aug 9, 2024

AI

The property involved in this transaction is an office asset located at 36-16 13th Street in Long Island City. The asking rent for this space is $24 per square foot, with a total area of 2,000 square feet. The lease term agreed upon is for 2 years, under a Single Net Lease structure.

Summary of transaction details:

The deal features broker representatives Steve Lelekidis and Dimitrios Koufakos, who are associated with Modern Spaces. They facilitated the leasing process between the landlord, Nicholas Stefanou, and the tenant, Power Concrete, ensuring both parties reached a mutually agreeable lease arrangement.

Players

Steve Lelekidis

Modern Spaces

Broker

$18.9M

vol

18 deals

Broker

Astoria Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93