Adam Spies Acquires Mixed-Use Property In Long Island City For $438M
24-02 49th Ave, Long Island City, NY 11101, USA
$438,000,000
$527/SF
Building Size
830,000 SF
Asset Type
Mixed-use
Closing
Nov 7, 2019
About this deal
AI
No summary available.
The mixed use loan at 24-02 49th Ave, Long Island City, NY 11101, USA in New York, New York financed for $438M in 2019. The building is 830,000 square feet, implying about 527 per square foot on the published price. Adam Spies, Newmark, Cushman & Wakefield appear on the loan alongside Newmark, Cushman & Wakefield. This page is the New York, New York file for the 24-02 49th Ave, Long Island City, NY 11101, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 24-02 49th Ave, Long Island City, NY 11101, USA around 2019. Published consideration for 24-02 49th Ave, Long Island City, NY 11101, USA is $438M, dated 2019. Cite this Adam Spies Acquires Mixed-Use Property In Long Island City For $438M loan when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Adam Spies to view all their deals.
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93