Apollo Global Management, SL Green Realty, Junius Real Estate Partners Acquire Office L Property In LIC, Queens For $880M
FINANCED
$8,800,000
+ 4
New York
See Similar DealsOffice14,016,300 SF
Financed 01/03/2020
FINANCED
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
See Similar DealsOffice14,016,300 SF
Financed 01/03/2020
+ 4
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:14,016,300 SF
Transaction Type:Loan
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
BROKERAGE
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,800,000.00
Monthly NOI$58,666.67
Monthly Debt Service$55,621.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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