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70-19 Austin St, Forest Hil...

Reda Group Leases Office Space At 70-19 Austin St. In Forest Hills With Broker Michael Wang NYC
LEASEDOffice

Reda Group Leases Office Space At 70-19 Austin St. In Forest Hills With Broker Michael Wang NYC

70-19 Austin St, Forest Hills, NY, USA

Building Size

700 SF

Asset Type

Office

Closing

Mar 9, 2021

AI

The Reda Group has leased a 700 square foot office space at 70-19 Austin St. (3rd Fl.) in Forest Hills. The lease transaction was completed on 03/10/2021. The asking rent for the space was $37.72 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 70-19 Austin St. (3rd Fl.)
  • Market: Forest Hills
  • Tenant: Reda Group
  • Asking Rent: $37.72/ft.

Michael Wang, from Michael Wang NYC, represented the Reda Group in this lease transaction.

Players

Michael Wang

Project Queens

Broker

14 deals

Broker
RG
REDA GroupTenant

Forest Hills 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