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1 Court Square

Updated Oct 12, 2026

Davidson Kempner Capital Group Acquires Mixed-Use Property In Long Island City For $100M
SOLDMixed-use

Davidson Kempner Capital Group Acquires Mixed-Use Property In Long Island City For $100M

1 Court Square

$100,000,000

$1,217/SF

Building Size

82,161 SF

Asset Type

Mixed-use

Closing

Oct 20, 2020

About this deal

AI

One Court Square, a mixed-use property located in Long Island City, Queens, was recently involved in a loan and sale transaction. The deal, which took place on October 21, 2020, had a transaction amount of $100,000,000. The seller of the property was SL Green Realty, while the buyer was Davidson Kempner Capital Group. The property's landlord is Savanna, represented by Christopher Schlank and Nicholas Bienstock. The transaction was facilitated by capital markets brokers, Adam Spies, Doug Harmon, and others.

Summary of transaction details

The loan and sale transaction at One Court Square involved key individuals and companies such as Andrew Mathias, Marc Holliday, Steven Kohn, and Christopher Schlank. These individuals played crucial roles in the deal, representing their respective parties and ensuring the successful completion of the transaction.

On the Map

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$100,000,000

$1,217/SF

Mixed-use

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Players

Adam Doneger

Newmark

Broker

$54.8B

vol

199 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$76.8B

vol

276 deals

Broker
S
SavannaBrokerage

Davidson Kempner

Buyer

$230M

vol

2 deals

Buyer
BC
B Group CapitalBuyer
Christopher Schlank

Christopher Schlank

Landlord

$375.8M

vol

9 deals

Landlord
Bilt advertisement

Long Island City Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $100M for 82,161 square feet (2020).

Visit Willis Robbins to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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