Religious Property Sold In Richmond Hill For $1.3 Million By Meridian Capital Group
92-01 102nd Street
$1,300,000
$541/SF
Building Size
2,400 SF
Asset Type
Church
Closing
Dec 19, 2024
AI
The property asset involved in this transaction is located at 92-01 102nd Street, Richmond Hill. This religious use facility has a sale price of $1,300,000 and covers an area of 2,400 square feet, resulting in a price per square foot of $541.
Summary of transaction details:
- Property Type: Religious Use
- Transaction Amount: $1,300,000
- Square Footage: 2,400 SF
- Price Per Square Foot: $541
- Date of Sale: 12/19/2024
- Brokerage Firm: Meridian Capital Group
The key individuals involved in the deal include brokers Thomas Donovan, Tommy Lin, Abby Todd, and Eugene Kim, all representing the seller through Meridian Capital Group. This team has notable experience, with $2.6 billion in sales across over 750 properties, and specializes in various property types, including nonprofit property sales.
Players
Richmond Hill Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93