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217-14 Northern Boulevard, ...

Ciyan Chen Acquires Mixed-Use Property In Bayside, Queens For $3.45M
SOLDMixed-use

Ciyan Chen Acquires Mixed-Use Property In Bayside, Queens For $3.45M

217-14 Northern Boulevard, Bayside, NY 11361, USA

$3,450,000

$514/SF

Building Size

6,711 SF

Asset Type

Mixed-use

Closing

Nov 5, 2021

AI

A mixed-use property located at 217-14 Northern Boulevard in Bayside, Queens has been sold for $3,450,000. The property spans over 6,711 square feet, resulting in a price per square foot of $514. The transaction involved Ciyan Chen as the buyer and Vincent Peluso as the seller. The seller was represented by Stephen R. Preuss SR and Charlie Dupont.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,450,000
  • Address: 217-14 Northern Boulevard, Bayside, Queens
  • Square Footage: 6,711
  • Price per Square Foot: $514
  • Buyer: Ciyan Chen
  • Seller: Vincent Peluso
  • Seller's Representative: Stephen R. Preuss SR & Charlie Dupont

Charlie Dupont and Stephen R. Preuss represented the seller in this transaction, acting as the seller's representatives. The deal marks a successful exchange of ownership for the mixed-use property in Bayside, Queens.

Players

Charlie Dupont

Ripco

Broker

$19.7M

vol

7 deals

Broker

Bayside 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

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93