Abdul Sikder Acquires Commercial Property On Queens Boulevard For $10.38M
41-17 Queens Boulevard, Queens, New York 11415, United States
$10,380,000
$1,092/SF
Building Size
9,500 SF
Asset Type
Commercial
Closing
May 30, 2022
AI
Located at 41-17 Queens Boulevard in Sunnyside, Queens, this commercial property is the subject of a recent sale transaction. The property has a zoning designation of R7A and C1-4, allowing for a range of commercial uses. The sale took place on May 31, 2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $10,380,000
- Building Square Footage: 40,000
- Price per Building Square Foot: $259
- Lot Size: 10,000 sq ft
- Last Sale Price: $6,900,000 (12/04/2013)
- Permits: Alteration 2 (12/18/2015)
- Lot Dimensions: 100 ft x 100 ft
The buyer of the property is Abdul Sikder, while the seller is Henry Zheng. The purchase price for the property was $10,380,000, with a building square footage of 40,000. The price per square foot is $259. The property's lot size is 10,000 square feet. The previous sale of the property occurred on December 4, 2013, for a price of $6,900,000. An alteration permit was issued on December 18, 2015.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93