ZB Capital Group Acquires Condo In Long Island City For $4.8M
22-18 Jackson Avenue, Queens, New York 11101, United States
$4,800,000
$1,200,000/SF
Building Size
4 SF
Asset Type
Condo
Closing
Dec 19, 2022
About this deal
AI
The condominium located at 22-18 Jackson Avenue in Long Island City has been sold for a price of $4,800,000. This property, spanning 4,938 square feet, was purchased by ZB Capital Group, represented by Jason Behfarin. The seller was Adam America Real Estate, represented by Omri Sachs.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,800,000
- Square Footage: 4,938
- Buyer: ZB Capital Group - Jason Behfarin
- Seller: Adam America Real Estate - Omri Sachs
- Market: Long Island City
This transaction represents a successful deal in the Long Island City market. The buyers, ZB Capital Group, recognized the value of this condo property and were represented by Jason Behfarin. On the other side, Adam America Real Estate decided to sell this property and their interests were represented by Omri Sachs.
On the Map
$4,800,000
$1,200,000/SF
Condo
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Players
Long Island City Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93