Beyond Air Inc Leases Office Space At 900 Stewart Avenue In Garden City
900 Stewart Ave, Garden City, NY 11530, USA
Building Size
5,055 SF
Asset Type
Office
Closing
Aug 11, 2020
About this deal
AI
Located at 900 Stewart Avenue in Garden City, this office property has recently been leased. The tenant, Beyond Air Inc, will be occupying the space, which is owned by Stewart Avenue Holdings LLC, headed by Scott Katz. Anthony Fornabaio from Highcap Group represented Beyond Air Inc, while Scott W. Berfas of Newmark Knight Frank represented the landlord. This transaction took place on 08/12/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 900 Stewart Avenue
- Market: Garden City
The leased property spans approximately 5,055 square feet, with an asking rent of $32.50 per square foot. Beyond Air Inc and Stewart Avenue Holdings LLC successfully negotiated this lease agreement.
Please contact Anthony Fornabaio directly for more information regarding this transaction.
Players
Garden City 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