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173-53 Croydon Road

Updated Dec 4, 2024

Nissan Jusupov Acquires School & Land In Jamaica Estates, Queens For $6.5M
SOLDSchool

Nissan Jusupov Acquires School & Land In Jamaica Estates, Queens For $6.5M

173-53 Croydon Road & 17365 Croydon Road

$6,500,000

$186/SF

Building Size

17,475 SF

Asset Type

School

Closing

Sep 1, 2023

About this deal

AI

The United Nations International School in Jamaica Estates, Queens has been sold for $6.5 million. The property includes a school building and an adjacent vacant parcel. The school building has a total area of 17,475 square feet, with a price per square foot of $372. The adjacent vacant parcel adds to the value of the transaction, bringing the total square footage to 25,080 and the price per square foot to $259.

Summary of transaction details

  • Property Type: School & Land
  • Transaction Amount: $6,500,000
  • Buyer: Nissan Jusupov
  • Seller: Lena Dissin - United Nations International School
  • Date: 09/01/2023
  • Address: 173-53 Croydon Road & 17365 Croydon Road, Jamaica Estates, Queens

Nissan Jusupov, through his company R&N 173-53 Croyden LLC, acquired the school building and the adjacent vacant parcel from United Nations International School for $6.5 million. This transaction marks an important acquisition in the Jamaica Estates area of Queens.

Players

Jamaica School Market Snapshot

Boundary boundary · School · Sale transactions

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Deal FAQ

About $186 per square foot on a published $6.5M for 34,950 square feet (2023).

Browse Jamaica school sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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