Queensboro Plaza Dental Care Leases 2100 Square Feet At 4215 Crescent St In Long Island City
4215 Crescent St, Queens, NY, 11101
Building Size
2,100 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 4215 Crescent St, Queens, NY, 11101, in the Long Island City market. The leased space spans 2,100 square feet. The landlord of the property is World Wide Group, and the tenant occupying the space is Queensboro Plaza Dental Care.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 4215 Crescent St, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 2100
- Tenant: Queensboro Plaza Dental Care
- Landlord: World Wide Group
- Tenant's Representative: Derek Ritter - Practice Real Estate Group
The deal involved Derek Ritter from Practice Real Estate Group representing the tenant, Queensboro Plaza Dental Care, in securing the lease agreement with World Wide Group, the landlord of the property.
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