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3 Ct Square W Queens, NY 11...

BGY Cityview Sells Condo At 3 Court Square In Hunters Point, Queens For $2.27M
SOLDCondo

BGY Cityview Sells Condo At 3 Court Square In Hunters Point, Queens For $2.27M

3 Ct Square W Queens, NY 11101, USA

$2,272,556

$2,304/SF

Building Size

986 SF

Asset Type

Condo

Closing

Aug 23, 2023

AI

The record-breaking Penthouse at 3 Court Square in Hunters Point, Queens has been sold for an impressive price. The condo, spanning 986 square feet, was sold for a total of $2,272,556, setting a new precedent for price per square foot in Queens at $2,305. Located in the desirable market of Hunters Point, this condo offers a valuable investment opportunity in a prime location.

Summary of Transaction Details:

  • Property Type: Condo
  • Transaction Amount: $2,272,556
  • Address: 3 Court Square
  • Market: Hunters Point, Queens
  • Square Footage: 986
  • Price Per Square Foot: $2,305

This incredible sale was facilitated by the brokerage team at Modern Spaces, including brokers Helen Lee, James Thomson, and Janette James. Their expertise and negotiation skills played a crucial role in achieving this noteworthy transaction. With their guidance, the seller, BGY Cityview represented by Chris Jiashu Xu and Tianyi Wang, successfully closed this record-breaking deal.

This exceptional sale demonstrates the ever-growing demand and value of properties in Queens. It signifies a new era in the real estate market, showcasing the potential for significant returns on investments. The transaction at 3 Court Square stands as a testament to the expertise of the brokerage team and the appeal of this coveted penthouse in Hunters Point.

Players

Helen Lee

Modern Spaces

Broker

$452.3M

vol

2 deals

Broker

Chris Jiashu Xu

Seller

$655.9M

vol

22 deals

Seller

Long Island City Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.98%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93