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41-17 Queens Boulevard, Que...

Abdul Sikder Acquires Commercial Property On Queens Boulevard For $10.38M
SOLDCommercial

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

Henry Zheng

Seller

$62.5M

vol

6 deals

Seller

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