RXR Realty Leases 75000 Square Feet At 3718 Northern Blvd In Queens With Tenant's Rep Jim McCahon
3718 Northern BLVD, Queens, NY, 111...
Building Size
75,000 SF
Asset Type
Office
Closing
Jul 28, 2022
AI
The property involved in the transaction is located at 3718 Northern BLVD, Queens, NY. It spans a total area of 75,000 square feet within the Jackson Heights market. The landlord in this lease transaction is RXR Realty.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 3718 Northern BLVD, Queens, NY
- Market: Jackson Heights
- Square Feet: 75,000
- Landlord: RXR Realty
- Tenant's Rep: Jim McCahon (JLL)
- Landlord's Rep: Andrew Ackerman (RXR Realty)
The leasing arrangement involves representatives from both sides. Jim McCahon from JLL represents the tenant, while Andrew Ackerman from RXR Realty represents the landlord in this transaction.
Players
Jackson Heights 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