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
About this deal
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.
Traded’s record for 70-19 Austin St, Forest Hills, NY, USA in Forest Hills, New York covers a office lease from 2021. Published size for 70-19 Austin St, Forest Hills, NY, USA is 700 square feet. Michael Wang, Project Queens appear on the lease alongside Project Queens. This page is the Forest Hills, New York file for the 70-19 Austin St, Forest Hills, NY, USA office leased: pricing, party profiles, and other closed office comps from the same Forest Hills sit in the Market section below. Filter that Forest Hills office set by closing date to see what else leased near 70-19 Austin St, Forest Hills, NY, USA around 2021. Cite this Reda Group Leases Office Space At 70-19 Austin St. In Forest Hills With Broker Michael Wang NYC lease when underwriting similar office product around Forest Hills, New York.
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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