Andrew E. Blustein Of Garfunkel Wild P.C. Secures 45000 SF Office Lease In Garden City
900 Stewart Avenue
Building Size
45,000 SF
Asset Type
Office
Closing
Feb 21, 2025
AI
The property involved in this transaction is an office asset located at 900 Stewart Avenue in Garden City, New York. The building has a total square footage of 45,000, designated for office use. The lease agreement was recently finalized and pertains to the downstate New York office of Garfunkel Wild P.C.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 900 Stewart Avenue
- Market: Garden City
- Landlord: Bryan Sanchez - Lionstone Capital & Joe Friedland - JFR Global Investments
- Tenant: Andrew E. Blustein - Garfunkel Wild P.C.
- Brokers: Dan Brandel & Robert Seidenberg - CBRE
This lease transaction was represented by Bryan Sanchez of Lionstone Capital and Joe Friedland of JFR Global Investments as landlords. The tenant, Andrew E. Blustein, represents Garfunkel Wild P.C., while brokers Dan Brandel and Robert Seidenberg from CBRE facilitated the deal.
Players
Garden City 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93