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4236 12th St, Queens, NY, 1...

U.S. Postal Service Leases 17628 Square Feet From DHY Property Group In Long Island City
LEASEDWarehouse

U.S. Postal Service Leases 17628 Square Feet From DHY Property Group In Long Island City

4236 12th St, Queens, NY, 11101

Building Size

17,628 SF

Asset Type

Warehouse

Closing

Feb 20, 2020

AI

The property involved in this transaction is a lease located at 4236 12th St, Queens, NY, 11101 in the Long Island City market. The total square footage of the leased space is 17,628 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 4236 12th St, Queens, NY, 11101
  • Market: Long Island City
  • Square Feet: 17,628
  • Landlord: DHY Property Group
  • Tenant: The U.S. Postal Service
  • Landlord's Representative: David Park - MTY Group Inc.

Key individuals involved in this transaction include David Park, who represented the landlord, DHY Property Group, in the leasing deal with the tenant, The U.S. Postal Service.

Players

David Park

MTY Group

Broker

3 deals

Broker

Long Island City Warehouse Market Snapshot

Boundary boundary · Warehouse · 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