Ivy Realty Sells Retail Property In Queens For $2.3M
240-10 Merrick Boulevard
$2,300,000
$95/SF
Building Size
24,000 SF
Asset Type
Development Site
Closing
Oct 24, 2023
AI
The retail property located at 240-10 Merrick Boulevard in Queens has been sold for a total of $2,300,000. The property spans 19,250 square feet, resulting in a price per square foot of $119. The transaction took place on 10/24/2023. The seller of the property was Ivy Realty.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 240-10 Merrick Boulevard, Queens
- Market: Queens
- Size: 19,250 square feet
- Price per Square Foot: $119
The sale of the retail property was facilitated by the brokers Daniel O'Brien from Newmark and William Diana from Cushman & Wakefield.
Players
Rosedale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93