Northwell Health Leases 11,000 SF Office Space In Great Neck, NY
805 Northern Blvd, Great Neck, NY 11021, USA
Building Size
11,000 SF
Asset Type
Office
Closing
Aug 6, 2020
About this deal
AI
The office property located at 805 Northern Blvd in Great Neck has been leased. The property spans 11,000 square feet and was listed with an asking rent of $45 per square foot. The tenant, Northwell Health, has agreed to lease the space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 805 Northern Blvd
- Market: Great Neck
- Asking Rent: $45/ft
- Square Footage: 11,000
Daniel Torkan from Parallel Realty Group represented Northwell Health as their tenant representative in this deal. Kyle Crennan from JLL represented the landlord, Robert Sadian.
Players
Great Neck Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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