David Koptiev Acquires Office In Jamaica, Queens For $1.85M
115-15 Sutphin Boulevard, Jamaica, NY, USA
$1,850,000
$267/SF
Building Size
6,909 SF
Asset Type
Office
Closing
Jan 28, 2021
AI
An office property located at 115-15 Sutphin Boulevard in Jamaica, Queens has been sold for $1,850,000. The property spans 6,909 square feet and was sold for approximately $267 per square foot. The transaction took place on January 29, 2021. The buyer of the property is David Koptiev, while the seller is the Petracca Family. The property was marketed in the Jamaica, Queens market. The brokers involved in the deal were Stephen R. Preuss, Kevin Schmitz, and Frank Liggio from Team Preuss at CushWake.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,850,000
- Address: 115-15 Sutphin Boulevard, Jamaica, Queens
- Market: Jamaica, Queens
Stephen R. Preuss, Kevin Schmitz, and Frank Liggio from Team Preuss at CushWake represented the buyer and seller in the transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93