Nest Seekers International Brokers Sell Long Island City Condo For $72.3M
SOLD
$72,290,000
+ 1
New York
See Similar Deals51,884 SF
SOLD
Nest Seekers International Brokers Sell Long Island City Condo For $72.3M
5 Court Square
See Similar Deals51,884 SF
+ 1
Summary
NEW YORK
Price Per Square Foot:$1,393
Total Square Footage:51,884 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,855,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$256,831.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$342,691.48
Annual Debt Service$4,112,297.77
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