CW Realty Acquires Property From Jadidian Family In Astoria For $30 Million With Jacob Savitt As Buyer's Rep
2604 Jackson Ave, Queens, NY, 11101
$30,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 15, 2020
About this deal
AI
The property asset involved in this transaction is located at 2604 Jackson Ave, Queens, NY, 11101. It is situated in the Astoria market and was sold for $30,000,000.00. The square footage of the property is not specified in this transaction.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $30,000,000.00
- Buyer: CW Realty
- Seller: Jadidian family
- Buyer's Representative: Jacob Savitt
Key individuals involved in this transaction include the buyer represented by Jacob Savitt, who is acting on behalf of CW Realty. The seller in this deal is the Jadidian family, indicating a direct and significant property exchange between these parties.
On the Map
$30,000,000
Retail
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Players
Astoria Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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