Updated Oct 29, 2024
Mara Realty Holding LLC Acquires Commercial Medical Condominium In Elmhurst
5710 Junction Boulevard, Elmhurst, NY 11373
$2,050,000
$512/SF
Building Size
4,000 SF
Asset Type
Commercial
Closing
Oct 8, 2018
About this deal
AI
The commercial medical condominium located at 57-10 Junction Blvd in Elmhurst has been sold for $2,050,000. The property spans 4,000 square feet, resulting in a price per square foot of $515.50. The transaction took place on October 9, 2018, with Mara Realty Holding LLC, represented by Goylan Family, purchasing the property from Rego Junction Inc, represented by Anand Family.
Summary of transaction details:
- Property Type: Commercial Medical Condominium
- Transaction Amount: $2,050,000
- Square Footage: 4,000
- Address: 57-10 Junction Blvd
- Market: Elmhurst
The buyer, Mara Realty Holding LLC, was represented by Daniel Abbondandolo from @cushwake. The property was delivered vacant and is intended for use as a cardiology practice.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93