Gorjian NY Leases 13091 Square Feet To NY Kids Club At 4416 23rd St Queens
4416 23rd St, Queens, NY, 11101
Building Size
13,091 SF
Asset Type
Retail
Closing
Mar 12, 2018
AI
The property asset involved in this transaction is located at 4416 23rd St, Queens, NY, 11101. It is situated in the Long Island City market and encompasses a total area of 13,091 square feet. The landlord for this lease is Gorjian NY.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 4416 23rd St, Queens, NY, 11101
- Market: Long Island City
- Square Feet: 13091
- Landlord's Representative: Lauren Calandriello & Ellen Israel - JRT Realty Group, Gregory Smith
- Tenant: NY Kids Club
This deal involves key representatives including Lauren Calandriello and Ellen Israel from JRT Realty Group, who represent the landlord Gorjian NY, alongside Gregory Smith. The tenant securing the lease is NY Kids Club, indicating a focus on family-oriented services within the leased space.
Players
Long Island City Retail Market Snapshot
Boundary boundary · Retail · 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