Michael Tuccillo & Anthony Cerrone Of Marcus & Millichap Broker $7.15M Mixed-Use Building Sale In Bayside
36-41 Bell Boulevard
$7,150,000
$411/SF
Building Size
17,360 SF
Asset Type
Mixed-use
Closing
Apr 11, 2024
AI
The property involved in the transaction is a mixed-use asset located at 36-41 Bell Boulevard in Bayside, Queens. The asset was successfully sold for $7,150,000 with a square footage of 12,320, translating to a price per square foot of $580.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,150,000
- Address: 36-41 Bell Boulevard
- Market: Bayside, Queens
- Seller: Virgilio Family
- Brokers: Michael Tuccillo & Anthony Cerrone - Marcus & Millichap
- SF: 12,320
- PPSF: $580
The Tuccillo Group of Marcus & Millichap, represented by Michael Tuccillo and Anthony Cerrone, facilitated the sale of the mixed-use asset on behalf of the Virgilio Family in Bayside, NY. They invite inquiries for similar opportunities in Queens and Long Island.
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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93