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10620 Corona Avenue, Corona...

Updated Dec 21, 2023

Simko Aranbayev Acquires Mixed-Use Property In Corona, Queens For $3.16M
SOLDMixed-use

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

Thomas Donovan

Meridian Capital Group

Broker

$730.7M

vol

51 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $299 per square foot on a published $3.2M for 10,550 square feet (2020).

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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

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