Danny Zelouf Acquires Commercial Property In Hunters Point, Queens For $4.17M
SOLD
$4,175,000
New York
See Similar DealsCommercial28,281 SF
Sold 04/28/2022
SOLD
Danny Zelouf Acquires Commercial Property In Hunters Point, Queens For $4.17M
17 Jackson Avenue, Queens, New York 11101, United States
See Similar DealsCommercial28,281 SF
Sold 04/28/2022
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$147
Total Square Footage:28,281 SF
Transaction Type:Sale
The commercial property located at 10-17 Jackson Avenue in Hunters Point, Queens was recently sold in a closed transaction. The property has a zoning classification of R7X, C2-5, LIC, allowing for various commercial uses. The sale took place on April 28, 2022.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $4,175,000
- Address: 10-17 Jackson Avenue, Hunters Point, Queens
- Market: Hunters Point, Queens
- Building Square Footage (BSF): 31,010
- Price per BSF: $134
- Total Square Footage (SF): 28,281
- Price per SF: $147
- Lot Size: 6,202
- Permits: Alteration 2 (09/25/2020)
- Lot Dimension: 100 ft x 55 ft
The buyer in this transaction is Danny Zelouf, while the seller is Michael O'Sullivan.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$222,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,832.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,791.63
Annual Debt Service$237,499.56
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