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Michael Tuccillo & Anthony Cerrone Of Marcus & Millichap Broker $7.15M Mixed-Use Building Sale In Bayside

Property Image
SOLD
$7,150,000
Anthony Cerrone
Michael Tuccillo

New York

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Mixed-use17,360 SF
Sold 04/11/2024
the dealplayerscompscontact
Property Image
SOLD

Michael Tuccillo & Anthony Cerrone Of Marcus & Millichap Broker $7.15M Mixed-Use Building Sale In Bayside

36-41 Bell Boulevard

See Similar Deals
Mixed-use17,360 SF
Sold 04/11/2024
Anthony Cerrone
Michael Tuccillo
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$411
Total Square Footage:17,360 SF
Transaction Type:Sale

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:

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

Michael Tuccillo
Marcus & Millichap
Michael Tuccillo
27 deals$582.4M volume
BROKER
Anthony Cerrone
Marcus & Millichap
Anthony Cerrone
8 deals$104.2M volume
BROKER

Details

SOLD
IMAGE: Michael Tuccillo & Anthony Cerrone DATE: 04/11/2024 ADDRESS: 36-41 Bell Boulevard MARKET: Bayside, Queens ASSET TYPE: Mixed-use SELLER: Virgilio Family BROKERS: Michael Tuccillo (@TheTuccilloGroup) & Anthony Cerrone - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $7,150,000 SF: 12,320 ~ PPSF: $580 NOTE FROM BROKER: The Tuccillo Group of Marcus & Millichap @thetuccillogroup successfully represented the Virgilio Family in the disposition of 3641-3651 Bell Boulevard, a mixed-use asset in Bayside, NY. Please reach out for similar opportunities in Queens and Long Island.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
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