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900 Stewart Avenue

Andrew E. Blustein Of Garfunkel Wild P.C. Secures 45000 SF Office Lease In Garden City
LEASEDOffice

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

Robert Seidenberg

CBRE

Broker

1 deal

Broker
LC
Lionstone CapitalLandlord

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