Amrinder Kang Acquires Mixed-use Property In Richmond Hill, Queens For $1.81M
120-16 Liberty Avenue
$1,810,000
$595/SF
Building Size
3,040 SF
Asset Type
Mixed-use
Closing
Jan 26, 2023
About this deal
AI
The mixed-use property located at 120-16 Liberty Avenue in Richmond Hill, Queens, has been sold for a transaction amount of $1,810,000. The property spans across 3,040 square feet and was sold at a price per square foot of $595.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,810,000
- Square Footage: 3,040
- Price per Square Foot: $595
- Address: 120-16 Liberty Avenue, Richmond Hill, Queens
The buyer in this transaction is Amrinder Kang, while Gabriel Betesh is the seller. The deal was facilitated by brokers Scott Plasky and William Stephan from Marcus & Millichap.
Players
Richmond Hill, Queens 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
8.76%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93