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3718 Northern BLVD, Queens,...

RXR Realty Leases 75000 Square Feet At 3718 Northern Blvd In Queens With Tenant's Rep Jim McCahon
LEASEDOffice

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:

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

William Korchak

JLL

Broker

9 deals

Broker
RXR Realty
RXR RealtyLandlord

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