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
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
6.98%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93