Simko Aranbayev Acquires Mixed-Use Property In Corona, Queens For $3.16M
10620 Corona Avenue, Corona, Queens County, NY, USA
$3,160,000
$299/SF
Building Size
10,550 SF
Asset Type
Mixed-use
Closing
Jun 15, 2020
About this deal
AI
The mixed-use property located at 106-20 Corona Ave. in Corona, Queens was recently sold. The transaction took place on June 15, 2021. The property was purchased by Simko Aranbayev from the seller, Chris Valsamos. The sale was facilitated by Thomas Donovan and Tommy Lin from B6 Real Estate, who represented the seller in the deal. The property was listed for $3,250,000, and it was sold for $3,160,000. The total square footage of the property is 10,550, resulting in a price per square foot of $300.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,160,000
- Address: 106-20 Corona Ave., Corona, Queens
- Market: Corona, Queens
- Buyer: Simko Aranbayev
- Seller: Chris Valsamos
- Seller's Representative: Thomas Donovan & Tommy Lin @B6RealEstate
- Asking Price: $3,250,000
- Square Footage: 10,550
- Price Per Square Foot: $300
This transaction signifies the successful sale of a mixed-use property in Corona, Queens. Simko Aranbayev acquired the property from Chris Valsamos, with the assistance of Thomas Donovan and Tommy Lin from B6 Real Estate. The property's spacious square footage of 10,550 and a price per square foot of $300 contributed to its overall appeal in the market. This sale showcases the strong demand for mixed-use properties in the Corona area.
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
5.02%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93