Luis Diaz Acquires Mixed-Use Property In Jackson Heights For $3.65M
35-50 92nd Street, Queens, New York 11372, United States
$3,650,000
$418/SF
Building Size
8,720 SF
Asset Type
Mixed-use
Closing
Apr 14, 2022
About this deal
AI
The mixed-use property located at 35-50 92nd Street in Jackson Heights was recently sold for a price of $3,650,000. The property spans across 8,720 square feet, resulting in a price per square foot of $418.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,650,000
- Address: 35-50 92nd Street
- Market: Jackson Heights
- Square Footage: 8,720
- Price per Square Foot: $418
Luis Diaz acted as the buyer in this transaction, while Guang Di Gao represented the seller. The deal was successfully closed on 04/15/2022.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93