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
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