IAC Leases 8000 Square Feet At 4716 Austel Pl From Vanbarton Group In Long Island City
4716 Austel Pl, Queens, NY, 11101
$46
$46/SF
Building Size
8,000 SF
Asset Type
Office
Closing
Aug 9, 2016
About this deal
AI
An 8,000 square feet property located at 4716 Austel Pl, Queens, NY, 11101, has been leased in the Long Island City market at a rent of $46 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4716 Austel Pl, Queens, NY, 11101
- Market: Long Island City
- Landlord: Vanbarton Group
- Tenant: IAC
- Landlord's Representative: Gregory Smith
This lease transaction involved the Vanbarton Group as the landlord and IAC as the tenant, with Gregory Smith serving as the landlord's representative in the deal.
On the Map
$46
$46/SF
Office
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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
344847.83%
Cash-on-Cash
-98558.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93