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88-14 Sutphin Boulevard, Qu...

Queens County Bar Association Leases Office Space At 88-14 Sutphin Blvd In Queens
LEASEDOffice

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

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.

Players

Kelly Koukou

Lee & Associates

Broker

$49.4M

vol

8 deals

Broker

Jamaica 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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93