Queens County Bar Association Leases Office Space At 88-14 Sutphin Blvd In Queens
88-14 Sutphin Boulevard, Queens, New York 11435, United States
$45
$45/SF
Building Size
4,514 SF
Asset Type
Office
Closing
Dec 5, 2022
About this deal
AI
The newly constructed elevator office building located at 88-14 Sutphin Blvd in Queens has recently completed a lease transaction. The tenant, Queens County Bar Association, has secured a lease for a space in this office building. The property is owned by the Haimpour Family and the lease was facilitated by the landlord's representative, David Payami from Capital Property Partners, and the tenant's representative, Kelly KouKou from Lee & Associates NYC. The lease transaction took place on December 5, 2022.
Summary of transaction details
- Property Type: Office
- Asking Rent: $45/ft.
- Square Footage: 4,514 SF
- Address: 88-14 Sutphin Blvd, Queens
- Market: Queens
One floor is still available for lease in this newly constructed elevator office building. For more information about this property or other leasing/selling needs, interested parties can reach out to David Payami at [email protected] or 212-252-1200 Ext 136.
On the Map
$45
$45/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93