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Dhandeo Mohabir Of Bowl360 Purchases Bowling Alley In Ditmars Steinway Queens For $8.4M
SOLD
$8,400,000
New York
See Similar DealsCommercial23,311 SF
Sold 12/18/2024
SOLD
Dhandeo Mohabir Of Bowl360 Purchases Bowling Alley In Ditmars Steinway Queens For $8.4M
19-45 49th Street
See Similar DealsCommercial23,311 SF
Sold 12/18/2024
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$360
Total Square Footage:23,311 SF
Transaction Type:Sale
The commercial property located at 19-45 49th Street in Ditmars Steinway, Queens, has a sale price of $8,400,000. The asset has a building square footage (BSF) of 25,217 and a price per building square foot (PPBSF) of $333. It features a total square footage (SF) of 23,311 with a price per square foot (PPSF) of $360.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $8,400,000
- Buyer: Dhandeo Mohabir - Bowl360
- Seller: Linda Zahn
- BSF: 25,217
- PPBSF: $333
- SF: 23,311
- PPSF: $360
Dhandeo Mohabir's company, Bowl360, is represented by D&S Concepts Group 1945 NY LLC in this transaction. The seller, Linda Zahn, is affiliated with Maric 1945 LLC, completing the trade of the bowling alley asset.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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