Daryl Hagler Acquires Astoria Office Building For $26.4M
SOLD
$26,375,000
+ 2
New York
See Similar DealsOffice120,559 SF
Sold 05/05/2022
SOLD
Daryl Hagler Acquires Astoria Office Building For $26.4M
35-11 9th Street, Queens, New York 11106, United States
See Similar DealsOffice120,559 SF
Sold 05/05/2022
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$218
Total Square Footage:120,559 SF
Transaction Type:Sale
The office property located at 35-11 9th Street in Astoria, Queens has been sold for a transaction amount of $26,375,000. The property spans a total area of 120,559 square feet, resulting in a price per square foot of $218. The sale took place on May 5, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,375,000
- Address: 35-11 9th Street, Astoria, Queens
- Market: Astoria, Queens
The buyer in this transaction is Daryl Hagler. The deal was facilitated by the following brokers from Avison Young: Brent Glodowski, Erik Edeen, James Nelson, and Charles Kingsley. Their expertise and representation were instrumental in the successful completion of this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,406,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$93,704.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,030.96
Annual Debt Service$1,500,371.47
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