Spencer An Acquires Mixed Use Property In Cambria Heights For $15M
217 Linden Boulevard, Queens, New York 11436, United States
$15,000,000
$379/SF
Building Size
39,500 SF
Asset Type
Mixed-use
Closing
Sep 29, 2022
About this deal
AI
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.
Players
New York 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93