Blake Partners Acquires Specialty Building In Edgemere, Queens For $21.9M
350 Beach 54th Street, Queens, New York 11691, United States
$21,978,000
$327/SF
Building Size
67,161 SF
Asset Type
—
Closing
Sep 21, 2022
About this deal
AI
A specialty building located at 350 Beach 54th Street in Edgemere, Queens was recently sold for a total of $21,978,000. The transaction took place on September 22, 2022. The building has a total square footage of 67,161, resulting in a price per square foot of $327.
Summary of transaction details
- Property Type: Specialty Building
- Transaction Amount: $21,978,000
- Address: 350 Beach 54th Street, Edgemere, Queens
- Square Footage: 67,161
- Price per Square Foot: $327
The buyer in this transaction was Blake Partners, represented by Tivadar Marcovici. The seller was Matityahu Tenenbaum.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93