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
Lynnwood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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