Ciyan Chen Acquires Mixed-Use Property In Bayside, Queens For $3.45M
SOLD
$3,450,000
New York
See Similar DealsMixed-use6,711 SF
Sold 11/06/2021
SOLD
Ciyan Chen Acquires Mixed-Use Property In Bayside, Queens For $3.45M
217-14 Northern Boulevard, Bayside, NY 11361, USA
See Similar DealsMixed-use6,711 SF
Sold 11/06/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$514
Total Square Footage:6,711 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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