Joffrey Ballet Signs Lease For 15500 Square Feet At 4716 Austel Pl In Long Island City
4716 Austel Pl, Queens, NY, 11101
Building Size
15,500 SF
Asset Type
Office
Closing
Aug 4, 2015
AI
The property asset involved is a 15,500 square foot leased space located at 4716 Austel Pl, Queens, NY, within the Long Island City market. The lease agreement was signed for a duration of 10 years by the tenant, Joffrey Ballet, with the landlord being Vanbarton Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4716 Austel Pl, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 15,500
- Landlord: Vanbarton Group
- Tenant: Joffrey Ballet
- Landlord's Representatives: Kristen Morgan (JLL), Lauren Calandriello (JRT Realty Group), Corey Horowitz (NYC)
- Brokers: Carol Gomez (Norman Bobrow & Company), Ellen Israel (JRT Realty Group)
The transaction involved key individuals and companies, with Joffrey Ballet represented by Norman Bobrow & Co's Nancy Grod and Carol Gomez. The landlord was represented by Cushman & Wakefield’s Ethan Silverstein and Corey Horowitz, along with JRT Realty’s Ellen Israel, Kristen Morgan, and Lauren Calandriello.
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