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17 Jackson Avenue, Queens, ...

Danny Zelouf Acquires Commercial Property In Hunters Point, Queens For $4.17M
SOLDCommercial

Danny Zelouf Acquires Commercial Property In Hunters Point, Queens For $4.17M

17 Jackson Avenue, Queens, New York 11101, United States

$4,175,000

$147/SF

Building Size

28,281 SF

Asset Type

Commercial

Closing

Apr 27, 2022

AI

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.

Players

Michael Sullivan

Burlington

Broker

$73.4M

vol

4 deals

Broker

Danny Zelouf

Buyer

$36.2M

vol

4 deals

Buyer
Michael Sullivan

Michael Sullivan

Burlington

Seller

$73.4M

vol

4 deals

Seller

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.80%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93