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
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
2.82%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93