CW Realty Acquires Property From Jadidian Family In Astoria For $30 Million With Jacob Savitt As Buyer's Rep
SOLD
$30,000,000
New York
See Similar DealsRetail
Sold 09/15/2020
SOLD
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
See Similar DealsRetail
Sold 09/15/2020
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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