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4733 5th St, Queens, NY, 11101

8 Star Holdings Acquires Property At 4733 5th St Queens From Kyu Heung Park For $12.15M
SOLD

8 Star Holdings Acquires Property At 4733 5th St Queens From Kyu Heung Park For $12.15M

4733 5th St, Queens, NY, 11101

$12,150,000

$534/SF

Building Size

22,740 SF

Asset Type

Closing

Nov 22, 2023

AI

The property located at 4733 5th St, Queens, NY, 11101, situated in the Long Island City market, is a significant asset with a total square footage of 22,740. The transaction was completed for a price of $12,150,000.00.

Summary of transaction details:

  • Property Type: SALE
  • Transaction Amount: $12,150,000.00
  • Address: 4733 5th St, Queens, NY, 11101
  • Market: Long Island City
  • Buyer: 8 Star Holdings
  • Seller: Kyu Heung Park of Eunhasu Corp.
  • Buyer's Representative: Michael Saidian (Capital Property Partners)
  • Square Footage: 22,740

The deal involved 8 Star Holdings as the buyer and Kyu Heung Park of Eunhasu Corp. as the seller. Michael Saidian from Capital Property Partners represented the buyer in this transaction, ensuring a successful closure of the deal.

Players

Michael Saidian

Capital Property Partners

Broker

$51.6M

vol

9 deals

Broker
8H
8 Star HoldingsBuyer
EC
Eunhasu CorpSeller

Long Island City 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

1.31%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93