138-63 Francis Lewis Blvd LLC Acquires Property From Assaedy Family In Queens For $1.45M
13863 Francis Lewis BLVD, Queens, NY...
$1,450,000
$254/SF
Building Size
5,700 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property located at 13863 Francis Lewis Blvd, Queens, NY, is a commercial asset situated in the Queens Village market. It encompasses a total area of 5,700 square feet and has been sold for $1,450,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,450,000.00
- Address: 13863 Francis Lewis Blvd, Queens, NY
- Market: Queens Village
- Seller: Assaedy Family
- Buyer: 138-63 Francis Lewis Blvd LLC
- Seller's Representative: Matthew Garcia (Besen & Associates)
This transaction involved key individuals including Matthew Garcia representing the seller, Assaedy Family, through Besen & Associates. The buyer is represented by 138-63 Francis Lewis Blvd LLC, completing the acquisition of the property in Queens Village.
Players
Queens Village 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93