Updated Oct 25, 2024
Sharanjit Kaur Acquires Commercial Property In Richmond Hill, Queens For $3.1M
33 Atlantic Avenue, Queens, New York 11416, United States
$3,112,000
$352/SF
Building Size
8,824 SF
Asset Type
Commercial
Closing
Feb 17, 2022
About this deal
AI
The commercial property located at 102-33 Atlantic Avenue in Richmond Hill, Queens has been sold. The property is zoned as C8-1 and has a lot size of 12,087 square feet. The building has a total square footage of 8,824, with a price per square foot of $352. The total building square footage (BSF) is 12,087, with a price per BSF of $257. The transaction took place on February 18, 2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $3,112,000
The buyer of the property is Sharanjit Kaur, while the seller is Rajesh Anthony Subraj. The property was previously sold on April 7, 2016, for a price of $1,400,000. An alteration permit was obtained on August 25, 2009. The lot dimensions are 153.33 feet by 79.5 feet. The property has a floor area ratio (FAR) of 0.73 and falls under tax class 4.
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Visit Rajesh Anthony Subraj to view all their deals.
Browse New York commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.10%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93