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18410 Jamaica Ave, Queens, ...

Madison Realty Capital Purchases 18410 Jamaica Ave Queens For $78 Million With Pinnacle Realty Reps
SOLDOffice

Madison Realty Capital Purchases 18410 Jamaica Ave Queens For $78 Million With Pinnacle Realty Reps

18410 Jamaica Ave, Queens, NY, 11423

$78,000,000

$126/SF

Building Size

615,000 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 18410 Jamaica Ave, Queens, NY, 11423, within the Hollis market. The transaction was completed for a price of $78,000,000.00 and encompasses a total square footage of 615,000.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $78,000,000.00
  • Address: 18410 Jamaica Ave, Queens, NY, 11423
  • Market: Hollis
  • Square Footage: 615,000
  • Seller's Representative: Decio Baio, Fredric Stein - Pinnacle Realty of New York
  • Buyer: Madison Realty Capital

Decio Baio and Fredric Stein represented the seller in this transaction, affiliated with Pinnacle Realty of New York. Madison Realty Capital was the buying party involved in this closed transaction.

Players

Fredric Stein

Pinnacle Realty of New York

Broker

$162.7M

vol

7 deals

Broker
Madison Realty Capital
Madison Realty CapitalBuyer

Hollis 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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93