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74-10 Broadway, Jackson Hei...

Ilan Cohen Leases Office Space At 74-10 Broadway In Jackson Heights With Michael Wang - ProjectQueensNYC
LEASEDOffice

Ilan Cohen Leases Office Space At 74-10 Broadway In Jackson Heights With Michael Wang - ProjectQueensNYC

74-10 Broadway, Jackson Heights, NY, USA

Building Size

4,000 SF

Asset Type

Office

Closing

Aug 13, 2021

AI

An office space located at 74-10 Broadway in Jackson Heights has been leased. The property, which spans 4,000 square feet, was leased by Ilan Cohen. The lease was facilitated by broker Michael Wang from Project Queens. The asking rent for the space was $60 per square foot.

Summary of transaction details

  • Property Type: Office
  • Tenant: Ilan Cohen
  • Broker: Michael Wang - Project Queens
  • Property Size: 4,000 square feet
  • Asking Rent: $60 per square foot

This new development is conveniently located outside the Jackson Heights Subway and Bus terminal, making it easily accessible for tenants and clients. Project Queens, known for its expertise in commercial leasing in Queens, frequently represents property owners with their flagship spaces.

Players

Michael Wang

Project Queens

Broker

14 deals

Broker

Jackson Heights 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