Hercules Hanjis Acquires Office Property At 48 02 25th Avenue From Victor Sismanoglou For $16M
48 02 25th Avenue
$16,000,000
Building Size
—
Asset Type
Office
Closing
May 9, 2016
About this deal
AI
The property asset involved in this transaction is an office located at 48 02 25th Avenue, positioned in the Astoria market. The transaction was completed for a total price of $16,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,000,000.00
- Buyer: Hercules Hanjis
- Seller: Victor Sismanoglou
- Broker: Evan Daniel - Modern Spaces
This deal was facilitated by Evan Daniel, representing Modern Spaces, enabling the transaction between Hercules Hanjis and Victor Sismanoglou to successfully occur.
The office sale at 48 02 25th Avenue in Astoria, New York sold for $16M in 2016. 48 02 25th Avenue is classified as Office on Traded. Evan Daniel, Hercules Hanjis, Modern Spaces appear on the sale alongside Modern Spaces. This page is the Astoria, New York file for the 48 02 25th Avenue office sold: pricing, party profiles, and other closed office comps from the same Astoria sit in the Market section below. Filter that Astoria office set by closing date to see what else sold near 48 02 25th Avenue around 2016. Published consideration for 48 02 25th Avenue is $16M, dated 2016. Cite this Hercules Hanjis Acquires Office Property At 48 02 25th Avenue From Victor Sismanoglou For $16M sale when underwriting similar office product around Astoria, New York.
On the Map
$16,000,000
Office
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Players
Astoria Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93