Augusto Yallico Acquires Mixed-use Property In Forest Hills For $2.4M
101-21 Metropolitan Avenue, Queens, New York 11375, United States
$2,400,000
$533/SF
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
Apr 14, 2022
About this deal
AI
A mixed-use property located at 101-21 Metropolitan Ave. in Forest Hills, Queens has been sold in a recent transaction. The property spans across 4,500 square feet and was sold for a total price of $2,400,000, resulting in a price per square foot of $533. The sale took place on 04/15/2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Address: 101-21 Metropolitan Ave.
- Market: Forest Hills, Queens
Augusto Yallico acquired the property from the seller, Michael Lieberman. The transaction was facilitated by brokers Scott Plasky and Billy Stephan from Marcus & Millichap.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93