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
About this deal
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.
On the Map
Warehouse
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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