Ryan Mehra Acquires Commercial Property In Corona, Queens For $4.5M
SOLD
$4,500,000
New York
See Similar DealsCommercial8,000 SF
Sold 01/18/2022
SOLD
Ryan Mehra Acquires Commercial Property In Corona, Queens For $4.5M
40-15 104th Street, Queens, New York 11368, United States
See Similar DealsCommercial8,000 SF
Sold 01/18/2022
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$562
Total Square Footage:8,000 SF
Transaction Type:Sale
The commercial property located at 40-13 104th Street & 40-15 104th Street in Corona, Queens has been sold for a price of $4,500,000. The property has a building square footage (BSF) of 8,000 and a price per building square footage (PPBSF) of $562. The total square footage (SF) of the property is also 8,000, with a price per square footage (PPSF) of $562. The property has a floor area ratio (FAR) of 2.05 and falls under tax class 2A. The lot size is 2,000 square feet and has a lot dimension of 20 ft x 100 ft. The last sale price of the property was $1,900,000 on 10/4/2007.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,500,000
- Market: Corona, Queens
- Zoning: R6B, C1-4
Ryan Mehra has purchased the property from David Sedgh. They were represented by their respective brokers in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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