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
About this deal
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.
On the Map
$78,000,000
$126/SF
Office
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Players
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