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
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