Delta Airlines Signs Lease With Bulova For 30000 Square Feet At 7520 Astoria Blvd Queens
7520 Astoria BLVD, Queens, NY, 11370
Building Size
30,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 7520 Astoria Blvd, Queens, NY, 11370, in the East Elmhurst market. This leased space encompasses approximately 30,000 square feet and is leased to Delta Airlines by the landlord Bulova.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 7520 Astoria BLVD, Queens, NY, 11370
- Market: East Elmhurst
- Landlord: Bulova
- Tenant: Delta Airlines
- Landlord's Representatives: Marisa Karmitz, Deborah Van Der Heyden - Cushman & Wakefield, David Green - Kassin Sabbagh Realty, David A. Green
- Square Feet: 30,000
This transaction highlights the involvement of multiple representatives, including Marisa Karmitz and Deborah Van Der Heyden from Cushman & Wakefield, along with David Green and David A. Green representing Kassin Sabbagh Realty. They played key roles in facilitating this lease agreement between the landlord, Bulova, and the tenant, Delta Airlines.
Players
East Elmhurst 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