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4630 Center Blvd Ph 5, Long...

Justin Christofel Acquires Condo At 46-30 Center Blvd For $3.4M
SOLD

Justin Christofel Acquires Condo At 46-30 Center Blvd For $3.4M

4630 Center Blvd Ph 5, Long Island City, Ny 11109, Usa

$3,451,000

$1,568/SF

Building Size

2,200 SF

Asset Type

Closing

Jun 25, 2020

AI

The property at 46-30 Center Blvd – PH5 in Long Island City has been sold in a closed transaction. The condo unit, spanning 2,200 square feet, was sold for a final price of $3,451,000. The property has a price per square foot (PPSF) of $1,568. The transaction took place on June 26, 2020.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,451,000
  • Market: LIC

The seller of the property was Chris Cooks. The buyer who acquired the condo unit is Justin Christofel. The seller was represented by Cristina Candio & Christina DeCurtis from TheRealMarketTeam at Compass. The property was listed with an asking price of $3,250,000, and ultimately sold for a higher amount.

Players

Cristina Candio

Compass

Broker

$7.3M

vol

2 deals

Broker

Long Island City CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93