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35-11 9th Street, Queens, N...

Daryl Hagler Acquires Astoria Office Building For $26.4M
SOLDOffice

Daryl Hagler Acquires Astoria Office Building For $26.4M

35-11 9th Street, Queens, New York 11106, United States

$26,375,000

$218/SF

Building Size

120,559 SF

Asset Type

Office

Closing

May 4, 2022

AI

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.

Players

Brent Glodowski

Avison Young

Broker

$612M

vol

34 deals

Broker

Daryl Hagler

Buyer

$413.8M

vol

7 deals

Buyer

New York 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

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93