Nest Seekers International Brokers Sell Long Island City Condo For $72.3M
5 Court Square
$72,290,000
$1,393/SF
Building Size
51,884 SF
Asset Type
—
Closing
Nov 10, 2022
AI
Located in Long Island City, the condo at 5 Court Square W. has recently been sold in a closed transaction. The property, spanning 51,884 square feet, was sold for a total of $72,290,000, resulting in a price per square foot of $1,393. This transaction was facilitated by the seller, ZD Jasper, represented by Jasper Wu. The team at Nest Seekers International, consisting of brokers Michael Bethoney, Nayi Shen, and Lynette Li, also played a crucial role in the sale.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $72,290,000
- Square Feet: 51,884
- Price per Square Foot: $1,393
- Seller: ZD Jasper - Jasper Wu
- Brokers: Michael Bethoney, Nayi Shen, Lynette Li - Nest Seekers International
If you would like to learn more about this property or the transaction, please contact Michael Bethoney at @michaelbethoney or 781-929-8403.
Players
Long Island City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93