Central Queens Academy Leases Office At 86-55 Queens Boulevard
LEASED
$57
New York
See Similar DealsOffice55,000 SF
Leased
LEASED
Central Queens Academy Leases Office At 86-55 Queens Boulevard
86-55 Queens Boulevard
See Similar DealsOffice55,000 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$57
Total Square Footage:55000 SF
Transaction Type:Lease
The office property located at 86-55 Queens Boulevard in Elmhurst, Queens, has been leased to Central Queens Academy. The lease, signed with a term of 32 years, is structured as a NNN Lease with an asking rent of $57 per square foot for the 55,000 square foot space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Tom Wu & Chris Xu
- Tenant: Central Queens Academy
- Brokers: Steve Zhu - Compass & Stephen Powers - OPEN Impact Real Estate
- Address: 86-55 Queens Boulevard, Elmhurst, Queens
- Market: Elmhurst, Queens
- Lease Type: NNN Lease
- Lease Term: 32 Years
- Asking Rent: $57/ft
- Square Footage: 55,000
Steve Zhu from Compass and Stephen Powers from OPEN Impact Real Estate represented the parties in this lease transaction, ensuring a successful agreement for both the landlord, Tom Wu & Chris Xu, and the tenant, Central Queens Academy.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,593,926.16
Total Lease Value
$35,939,261.64
Net Landlord Cash Flow$3,593,926.16
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