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74 09 37th Avenue

Updated Oct 15, 2026

Asef Bari Acquires Office Building From Joseph Bruno Trust In Jackson Heights For $30M
SOLDOffice

Asef Bari Acquires Office Building From Joseph Bruno Trust In Jackson Heights For $30M

74 09 37th Avenue, 74 09 37th Avenue, 74 09 37th Avenue, 74 09 37th Avenue & 74 09 37th Avenue

$30,000,000

$64/SF

Building Size

92,914 SF

Asset Type

Office

Closing

Jan 24, 2025

About this deal

AI

The property asset involved in this transaction is an office located at 74-09 37th Avenue in the Bruson Building within the Jackson Heights market. The sale price of the property was $30,000,000. It features a total square footage of 92,914, which translates to a price per square foot of $322.

Summary of transaction details:

The transaction involved several key individuals representing both the buyer and the seller. Asef Bari, the buyer, was represented by brokers from Cushman & Wakefield, including Dylan Walsh, Jonathan Squires, Nick Kolbus, Kieran Baker, Josh Neustadter, and Austin Weiner. The seller, Joseph Bruno Trust, was also represented by these brokers in the transaction.

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$30,000,000

$64/SF

Office

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Players

Josh Neustadter

Cushman & Wakefield

Broker

$567.3M

vol

65 deals

Broker
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Jackson Heights Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $64 per square foot on a published $30M for 464,656 square feet (2025).

Visit Austin Weiner to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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