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
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