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36-15 - 36-27 164th Street

Candice Colucci Acquires Mixed-Use Property In Flushing, Queens For $3.3M
SOLDMixed-use

Candice Colucci Acquires Mixed-Use Property In Flushing, Queens For $3.3M

36-15 - 36-27 164th Street

$3,300,000

$412/SF

Building Size

8,000 SF

Asset Type

Mixed-use

Closing

Sep 23, 2022

AI

The mixed-use property located at 36-15 - 36-27 164th Street in Flushing, Queens has been sold for a total price of $3,300,000. The property spans 8,000 square feet, resulting in a price per square foot of $413.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $3,300,000
  • Address: 36-15 - 36-27 164th Street, Flushing, Queens
  • Market: Flushing, Queens
  • Buyer: Candice Colucci
  • Seller: Samaroo Properties - Philip Samaroo
  • Buyer's Representative: Frank Ko - FKO Properties - E Realty International Corp.
  • Seller's Representative: Ami Efrati - Entrepreneur Properties NYC
  • Square Footage: 8,000
  • Price Per Square Foot: $413

Frank Ko of FKO Properties, representing E Realty International Corp., facilitated the purchase on behalf of the buyer, Candice Colucci. Ami Efrati, from Entrepreneur Properties NYC, served as the seller's representative for Samaroo Properties, led by Philip Samaroo. The transaction marks the successful sale of the mixed-use property in Flushing, Queens.

Players

Frank Ko

Broker

$19.6M

vol

16 deals

Broker

Candice Colucci

Buyer

$6.3M

vol

2 deals

Buyer

Lynnwood Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93