Updated Dec 21, 2023
Benjamin Goldberg Acquires Commercial Property In Long Island City, Queens For $6.05M
36-24 34th Street, Queens, New York 11106, United States
$6,050,000
$612/SF
Building Size
9,874 SF
Asset Type
Commercial
Closing
Jul 31, 2022
About this deal
AI
The commercial property located at 36-24 34th Street in Long Island City, Queens has been sold in a recent transaction. The property, which falls under the M1-1 zoning classification, has a lot size of 10,075 square feet and a FAR (Floor Area Ratio) of 0.98. The transaction took place on 08/01/2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $6,050,000
- Address: 36-24 34th Street, Long Island City, Queens
- Market: Long Island City, Queens
- Buyer: Benjamin Goldberg
- Seller: Richard Sobel
- Building Square Footage: 9,874 SF
- Price Per Square Foot: $612
- Land Lot Size: 10,075 square feet
- Permits: Alteration 2 (09/07/2014)
- Lot Dimensions: 95.58 ft x 100 ft
- Tax Class: 4
The buyer, Benjamin Goldberg, and the seller, Richard Sobel, were the key individuals involved in this transaction. The price for the property was $6,050,000, with a building square footage of 9,874 SF and a price per square foot of $612. The deal also included a permit for alteration, dated 09/07/2014. The lot dimensions are measured at 95.58 feet by 100 feet.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93