Updated Nov 4, 2023
Surjeet Kaur Acquires Development Site On 78-06 Queens Boulevard In Elmhurst, Queens For $6.2M
78-06 Queens Boulevard Queens, New York 11373, USA
$6,200,000
Building Size
—
Asset Type
Development Site
Closing
Jun 15, 2023
About this deal
AI
Surjeet Kaur has acquired a development building located at 78-06 Queens Boulevard in Elmhurst, Queens. The property, identified as a development site, was sold for a total of $6,200,000. Spanning a square footage of 49,336, the building offers a price per square foot (PPSF) of $126. The transaction took place on June 15, 2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Address: 78-06 Queens Boulevard
- Market: Elmhurst, Queens
The seller of the property, Yan Po Zhu, was represented by Triple East Queens Tower LLC. Surjeet Kaur secured the deal through their buyer's representative.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93