SOLD
2615 Brooklyn Queens Expy
26-15 Brooklyn-Queens Expressway West
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Sold 03/08/2018
Summary
NEW YORK
Asset Type:Office
Transaction Type:Sale
The property asset involved in the transaction is located at 2615 Brooklyn Queens Expy, Queens. The deal was closed for a price of $25,200,000.00, and the property has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $25,200,000.00
- Address: 2615 Brooklyn Queens Expy, Queens
- Buyer: Terreno Realty Corporation
- Seller's Representative: Brian Ezratty - Newmark
The transaction involved Terreno Realty Corporation as the buyer, with Brian Ezratty from Newmark representing the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,344,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$89,530.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$119,460.86
Annual Debt Service$1,433,530.28
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