2615 Brooklyn Queens Expy
26-15 Brooklyn-Queens Expressway West
$25,200,000
Building Size
—
Asset Type
Office
Closing
Mar 8, 2018
About this deal
AI
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.
The office sale at 26-15 Brooklyn-Queens Expressway West in Woodside, New York sold for $25.2M in 2018. 26-15 Brooklyn-Queens Expressway West is classified as Office on Traded. Brian Ezratty, Newmark appear on the sale alongside Newmark. This page is the Woodside, New York file for the 26-15 Brooklyn-Queens Expressway West office sold: pricing, party profiles, and other closed office comps from the same Woodside sit in the Market section below. Filter that Woodside office set by closing date to see what else sold near 26-15 Brooklyn-Queens Expressway West around 2018. Published consideration for 26-15 Brooklyn-Queens Expressway West is $25.2M, dated 2018. Cite this 2615 Brooklyn Queens Expy sale when underwriting similar office product around Woodside, New York.
Players
Woodside Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93