FSA Capital Acquires Mixed-Use Property In Flushing, Queens For $14.2M
SOLD
$14,169,860
New York
See Similar DealsMixed-use26 SF
SOLD
FSA Capital Acquires Mixed-Use Property In Flushing, Queens For $14.2M
36-51 College Point Boulevard, Queens, New York 11354, United States
See Similar DealsMixed-use26 SF
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$544,994
Total Square Footage:26 SF
Transaction Type:Sale
The mixed-use property located at 36-51 College Point Boulevard & 133-17 37th Avenue in Flushing, Queens was recently sold for a total sale price of $14,169,860. The property has a building square footage (BSF) of 72,465, with a price per BSF (PPBSF) of $195. Additionally, it has a total square footage (SF) of 26,427, with a price per square foot (PPSF) of $536.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $14,169,860
- BSF: 72,465, PPBSF: $195
- SF: 26,427, PPSF: $536
The buyer of the property was FSA Capital represented by Brian Pun, while the seller was Wilson Ko. The deal was completed on 10/20/2022.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$755,725.87
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,342.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,172.37
Annual Debt Service$806,068.39
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