Apollo Global Management, SL Green Realty, Junius Real Estate Partners Acquire Office L Property In LIC, Queens For $880M
Court Square West, Long Island City, NY 11101, USA
$8,800,000
$1/SF
Building Size
14,016,300 SF
Asset Type
Office
Closing
Jan 2, 2020
AI
One Court Square, located in LIC, Queens, was involved in a closed property transaction.
Summary of transaction details
- Property Type: Office L
- Transaction Amount: $880M
- Address: One Court Square
- Market: LIC, Queens
Apollo Global Management, SL Green Realty, and Junius Real Estate Partners were the enders in this transaction, while Savanna acted as the landlord. The brokers involved in the deal were Adam Spies, Doug Harmon, Marcella Fasulo, Andrew Matthias, Leon Black, Christopher Schlank, Marc Holliday, Adam Doneger, and Josh King.
The property has a total square footage of 1,401,630.
Players
Long Island City Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93