Eden Purchasers Acquires Condo Sellout In Long Island City For $62 Million
37-26 32nd Street
$62,000,000
$1,370/SF
Building Size
45,238 SF
Asset Type
Condo
Closing
Aug 30, 2024
About this deal
AI
37-26 32nd Street is situated in Long Island City and involves a condo sellout transaction. The sale price was $62,000,000, and the total square footage of the asset is 45,238, which translates to a price per square foot of $1,370.
Summary of transaction details:
- Property Type: Condo Sellout
- Transaction Amount: $62,000,000
- Address: 37-26 32nd Street
- Market: Long Island City
- Square Footage: 45,238
- Price Per Square Foot: $1,370
- Buyer: Eden Purchasers - Habitat Management
- Seller: Zhongyin Lyu
- Seller's Representative: Xiao Rui Lin & Stelios Hiotis - Nest Seekers International
The transaction involved the buyer, Eden Purchasers, represented by Habitat Management, and the seller, Zhongyin Lyu, who had representation from Xiao Rui Lin & Stelios Hiotis at Nest Seekers International, indicating a collaborative effort between parties in the execution of this property deal.
Players
Astoria Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $62M for 45,238 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93