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
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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