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5 Court Square

Nest Seekers International Brokers Sell Long Island City Condo For $72.3M
SOLD

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

Michael Bethoney

Nest Seekers International

Broker

$247.6M

vol

6 deals

Broker

Jasper Wu

ZD Jasper

Seller

$666M

vol

21 deals

Seller

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