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
About this deal
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.
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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