TH AVENUE POLITAN

Transcription

1 EXECUTIVE OFFERING MEMORANDUM OFFICE LEASE TH AVENUE FLUSHING, NY Michael Wang Partner (917)

2 EXECUTIVE SUMMARY Politan Real Estate is pleased to present th Avenue, Suite 307, Flushing, NY (the Property or Site ). The offering consists of a 3rd floor office space located in the Long Island Business Institute building. The space is approximately 600 square feet already built out to suit a medical office. The building has a security guard and 4 elevators to service the building. This is the heart of Flushing, the 3rd most foot trafficked location in all of New York City. The last stop of the 7 subway line, Flushing Main Street station, is less than a block away. It is the 13th most subway frequented stop out of the city s 400+ stops! Additionally, the Q12, Q13, Q15, Q17, Q20, Q27, Q28, Q44, Q48 and many other bus lines are all within a one block radius. Downtown Flushing is a business district home to many national retailers and banks including Citibank, Chase, TD Bank, HSBC, Capital One, Shinhan Bank, AT&T, Duane Reade and more. This offering presents an opportunity to open an office in one of the hottest neighborhoods in New York City TH AVE EXECUTIVE SUMMARY

3 PROPERTY OVERVIEW Address Location Block & Lots Use Lot Dimensions Building Dimensions Space Sq. Ft th Ave., Suite 307, Flushing, NY Downtown Flushing 04980/0011 Office ±600 Sq. Ft Gross Term Taxes CAM Charges Utilities Zoning District Year Built Transportation 5+ Years 2.4% of escalations from the 2018 base year $100 Per Month Tenant Pays Electric & 2.4% of Water C Subway Line, LIRR, 10+ Bus Lines BASE RENT/MO $3,300 For surveys, additional pictures and detailed financials, please contact the listing agent TH AVE PROPERTY OVERVIEW

4 EXECUTIVE SUMMARY Politan Real Estate is pleased to present th Avenue, Suite 1006, Flushing, NY (the Property or Site ). The offering consists of a 10th floor office space located in the Long Island Business Institute building. The space is approximately 691 square feet already built out with a private office with a floor to ceiling window. The building has a security guard and 4 elevators to service the building. This is the heart of Flushing, the 3rd most foot trafficked location in all of New York City. The last stop of the 7 subway line, Flushing Main Street station, is less than a block away. It is the 13th most subway frequented stop out of the city s 400+ stops! Additionally, the Q12, Q13, Q15, Q17, Q20, Q27, Q28, Q44, Q48 and many other bus lines are all within a one block radius. Downtown Flushing is a business district home to many national retailers and banks including Citibank, Chase, TD Bank, HSBC, Capital One, Shinhan Bank, AT&T, Duane Reade and more. This offering presents an opportunity to open an office in one of the hottest neighborhoods in New York City TH AVE EXECUTIVE SUMMARY

5 PROPERTY OVERVIEW Address Location Block & Lots Use Lot Dimensions Building Dimensions Space Sq. Ft th Ave., Suite 1006, Flushing, NY Downtown Flushing 04980/0011 Office ±691 Sq. Ft Gross Term Taxes CAM Charges Utilities Zoning District Year Built Transportation 5+ Years 1.52% of escalations from the 2018 base year $90 Per Month Tenant Pays Electric, Heating/HVAC & 1.52% of water C Subway Line, LIRR, 10+ Bus Lines BASE RENT/MO $4,000 For surveys, additional pictures and detailed financials, please contact the listing agent TH AVE PROPERTY OVERVIEW

6 TH AVE LOCAL MAP