Pain Solutions Medical PC Acquires Retail Condo In Rego Park For $3.5M
9745 63rd Drive, Rego Park, NY 11374, USA
$3,483,150
$1,089/SF
Building Size
3,198 SF
Asset Type
—
Closing
Dec 13, 2018
AI
A retail condo at 97-45 63rd Dr in Rego Park has been sold for a total price of $3,483,150. The property spans 3,198 square feet, resulting in a price per square foot of $1,089. The transaction took place on December 14, 2018.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $3,483,150
- Square Footage: 3,198
- Price per Square Foot: $1,089
Kenny Liu acted as the seller in this transaction, while the buyer was Pain Solutions Medical PC, represented by Dr. Kogan & Dr. Sehkar. The deal was facilitated by brokers Mariya Fuzaylova and Benyamin Borukhov.
Players
New York 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
4.55%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93