Madison Realty Capital Purchases 18410 Jamaica Ave Queens For $78 Million With Pinnacle Realty Reps
SOLD
$78,000,000
New York
See Similar DealsOffice615,000 SF
SOLD
Madison Realty Capital Purchases 18410 Jamaica Ave Queens For $78 Million With Pinnacle Realty Reps
18410 Jamaica Ave, Queens, NY, 11423
See Similar DealsOffice615,000 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$126
Total Square Footage:615,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,159,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$277,117.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$369,759.79
Annual Debt Service$4,437,117.52
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