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4716 Austel Pl, Queens, NY,...

IAC Leases 8000 Square Feet At 4716 Austel Pl From Vanbarton Group In Long Island City
LEASEDOffice

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

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.

Players

Gregory Smith

Broker

10 deals

Broker
JLL
JLLBrokerage
Vanbarton Group
Vanbarton GroupLandlord

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