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91-07 Jamaica Avenue

Petsanas Family Acquires Office In Woodhaven, Queens For $5.6M
SOLDOffice

Petsanas Family Acquires Office In Woodhaven, Queens For $5.6M

91-07 Jamaica Avenue

$5,626,000

$1,110/SF

Building Size

5,065 SF

Asset Type

Office

Closing

Jul 21, 2022

AI

The office property located at 91-07 Jamaica Avenue in Woodhaven, Queens has been sold in a speed post transaction. The property spans 5,065 square feet and was sold for a price of $5,626,000, resulting in a price per square foot of $1,110.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $5,626,000
  • Square Footage: 5,065
  • Price Per Square Foot: $1,110

The buyer in this transaction is the Petsanas Family, while David Yonathan is the seller. The seller's representatives from Ripco Real Estate include Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie.

Players

Kevin Louie

Ripco

Broker

$1.1B

vol

128 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.82%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93