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92-01 102nd Street

Religious Property Sold In Richmond Hill For $1.3 Million By Meridian Capital Group
SOLDChurch

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

Thomas Donovan

Meridian Capital Group

Broker

$730.7M

vol

51 deals

Broker

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