Dr Smood Leases 5000 Square Feet At 4716 Austel Pl In Long Island City From Vanbarton Group
4716 Austel Pl, Queens, NY, 11101
Building Size
5,000 SF
Asset Type
Office
Closing
Aug 1, 2016
About this deal
AI
The property involved in this transaction is located at 4716 Austel Pl, Queens, NY, 11101, within the Long Island City market. It encompasses a total of 5,000 square feet. This lease agreement pertains to a commercial space tailored for operational use.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 4716 Austel Pl, Queens, NY, 11101
- Market: Long Island City
- Tenant: Dr Smood
- Landlord: Vanbarton Group
- Square Feet: 5,000
- Broker: Jordan Gosin, Newmark
The key individuals involved in this transaction include the tenant, Dr Smood, which is a company known for its health-conscious food offerings. The landlord is the Vanbarton Group, a real estate investment and development firm. The deal was represented by broker Jordan Gosin from Newmark, who facilitated the leasing process between the tenant and landlord.
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Office
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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