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7520 Astoria BLVD, Queens, ...

Delta Airlines Signs Lease With Bulova For 30000 Square Feet At 7520 Astoria Blvd Queens
LEASEDOffice

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:

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

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
Avison Young
Avison YoungBrokerage

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