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Samuel Eshaghoff Acquires Mixed-Use Property In Long Island City, Queens For $2.31M

Property Image
SOLD
$2,310,000
Peter Von Der Ahe
Shaun Riney
+ 1

California

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Mixed-use5,000 SF
Sold 07/02/2020
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Property Image
SOLD

Samuel Eshaghoff Acquires Mixed-Use Property In Long Island City, Queens For $2.31M

22 80 Steinway St, Long Island City, Ny 11105, Usa

See Similar Deals
Mixed-use5,000 SF
Sold 07/02/2020
Peter Von Der Ahe
Shaun Riney
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$462
Total Square Footage:5,000 SF
Transaction Type:Sale

A mixed-use property located at 22-80 Steinway Street in Long Island City, Queens has been sold for a price of $2,310,000. The property spans a total area of 5,000 square feet, resulting in a price per square foot of $462. It consists of 6 units, including 2 commercial and 4 residential units. The price per unit for this transaction amounts to $385,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,310,000
  • Square Footage: 5,000
  • Price per Square Foot: $462
  • Units: 6 (2 commercial, 4 residential)
  • Price per Unit: $385,000

In this deal, the seller of the property is Lous Depinto, while the buyer is Samuel Eshaghoff, representing West [Agency Name]. The transaction was facilitated by Peter Von Der Ahe, Shaun Riney, Samuel Eshaghoff, Jack Sheresky, and Dylan Walsh.

Players

Jack Sheresky
2 deals$14.3M volume(718) 475-4300
BROKER

Peter Von Der Ahe
Marcus & Millichap
110 deals$1.4B volume
BROKER

Shaun Riney
Marcus & Millichap
357 deals$1.8B volume(718) 475-4369
BROKER

Dylan Walsh
Cushman & Wakefield
72 deals$582.7M volume(917) 887-5441
BROKER

Details

SOLD
IMAGE: IMAGE: Peter Von Der Ahe, Shaun Riney, Samuel Eshaghoff, Jack Sheresky & Dylan Walsh DATE: 07/02/2020 ADDRESS: 22-80 Steinway Street MARKET: Long Island City, Queens ASSET TYPE: Mixed-use SALE PRICE: $2,310,000 SF: 5,000 PPSF: $462 UNITS: 6 Units – 2 Commercial, 4 Residential PPU: $385,000 SELLER: Lous Depinto BUYER: Samuel Eshaghoff – West […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,206.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,950.58
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