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
About this deal
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
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