Spencer An Acquires Mixed Use Property In Cambria Heights For $15M
SOLD
$15,000,000
New York
See Similar DealsMixed-use39,500 SF
Sold 09/30/2022
SOLD
Spencer An Acquires Mixed Use Property In Cambria Heights For $15M
217 Linden Boulevard, Queens, New York 11436, United States
See Similar DealsMixed-use39,500 SF
Sold 09/30/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$379
Total Square Footage:39,500 SF
Transaction Type:Sale
Located in Cambria Heights, the mixed-use property at 217-20 Linden Boulevard has been sold for a notable amount. The transaction took place on September 30, 2022, with a sale price of $15,000,000. Spanning over 39,500 square feet, the property is valued at $380 per square foot.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $15,000,000
- Address: 217-20 Linden Boulevard
- Market: Cambria Heights
The buyer in this transaction is Spencer An, while the seller is Deborah An. Both parties have successfully closed the deal for this prime mixed-use property.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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