SOLD
Jack Deutsch Acquires Medical Office In College Point For $31M
119-09 26th Avenue, Queens, New York 11354, United States
$31,000,000
$407/SF
Building Size
76,000 SF
Asset Type
—
Closing
Mar 27, 2022
About this deal
AI
A medical office located at 119-09 26th Avenue in College Point was recently sold for a price of $31,000,000. The property spans across 76,000 square feet, resulting in a price per square foot of $407.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $31,000,000
- Address: 119-09 26th Avenue
- Market: College Point
- Buyer: Jack Deutsch
- Seller: Michael & Pola Tenenbaum Trust
- Square Footage: 76,000
- Price per Square Foot: $407
Jack Deutsch successfully purchased the medical office from the Michael & Pola Tenenbaum Trust.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93