Updated Dec 21, 2023
Manoucherhr Malekan Acquires Commercial Property In Bayside, Queens For $4.5M
Horace Harding Expressway, Queens, New York 11362, United States
$4,500,000
$312/SF
Building Size
14,405 SF
Asset Type
Commercial
Closing
Jan 27, 2022
About this deal
AI
The commercial property located at 210-01 Horace Harding Expy in Bayside, Queens has been sold for $4,500,000. The property has a building square footage (BSF) of 10,750 with a price per BSF of $418. The total square footage (SF) of the property is 14,405 with a price per SF of $312. The lot size is 21,500 square feet, and the lot dimensions are 215 ft x 100 ft. The property falls under the R2A and C1-2 zoning categories, with a floor area ratio (FAR) of 0.67. The tax class for the property is 4. An alteration permit was issued on May 7, 2018.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,500,000
- Market: Bayside, Queens
- Buyer: Manoucherhr Malekan
- Seller: Kamel Bahary
- BSF: 10,750
- PPBSF: $418
- SF: 14,405
- PPSF: $312
- Lot Size: 21,500
- Permits: Alteration 2 (05/07/2018)
- Lot Dimension: 215 ft x 100 ft
The buyer of the property is Manoucherhr Malekan, and the seller is Kamel Bahary.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse New York commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93