Nilesh Bubna Acquires Commercial Property In Rochdale, Queens For $11.3M
152-01 Rockaway Boulevard, Queens, New York 11420, United States
$11,317,408
$390/SF
Building Size
28,992 SF
Asset Type
Commercial
Closing
Jun 28, 2022
AI
The commercial property located at 152-01 Rockaway Boulevard in Rochdale, Queens has been sold in a recent transaction. The property is zoned as R3-1, C2-2, allowing for a variety of commercial uses. The sale took place on June 29, 2022, with the buyer identified as Nilesh Bubna and the seller as John Leondis.
Summary of transaction details
- Property Type: Commercial
- Sale Price: $11,317,408
- Building Square Footage: 28,992
- Price per Square Foot: $390
- Land Lot Size: 19,200
- Tax Class: 4
The property offers a building square footage of 28,992, which results in a price per square foot of $390. The lot size encompasses 19,200 square feet. The transaction took place at a sale price of $11,317,408, indicating a per-building square footage price of $390. The property is zoned as R3-1, C2-2, allowing for various commercial uses.
Notable details related to the property include its zoning as R3-1, C2-2, indicating its suitability for commercial activities. The property also holds a tax class of 4, further solidifying its classification as a commercial asset.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93