David Koptiev Acquires Office In Jamaica, Queens For $1.85M
SOLD
$1,850,000
+ 1
New York
See Similar DealsOffice6,909 SF
Sold 01/29/2021
SOLD
David Koptiev Acquires Office In Jamaica, Queens For $1.85M
115-15 Sutphin Boulevard, Jamaica, NY, USA
See Similar DealsOffice6,909 SF
Sold 01/29/2021
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$267
Total Square Footage:6,909 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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