facebook
Traded Co logo
Submit

David Levine Acquires Multi-Use Property In Jackson Heights, Queens For $11.8M

Property Image
SOLD
$11,777,800

New York

See Similar Deals
Mixed-use10,160 SF
Sold 12/16/2021
the dealplayerscompscontact
Property Image
SOLD

David Levine Acquires Multi-Use Property In Jackson Heights, Queens For $11.8M

37-60 82nd Street, Queens, New York 11372, United States

See Similar Deals
Mixed-use10,160 SF
Sold 12/16/2021
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,159
Total Square Footage:10,160 SF
Transaction Type:Sale

A multi-use property located at 37-60 82 Street in Jackson Heights, Queens has been sold in a closed transaction. The property is zoned as C4-3, allowing for various uses. The sale took place on December 16, 2021, with David Levine purchasing the property from Carlos P Naudon. The transaction price was $11,777,800, with a building square footage (BSF) of 10,200 and a price per BSF (PPBSF) of $1,155. The lot size is 3,000 square feet, with dimensions of 30 ft x 100 ft. The total square footage of the property is 10,160, resulting in a price per square foot (PPSF) of $1,159. The previous sale of the property occurred on September 29, 2017, with a sale price of $0. The property falls under tax class 4 and has a floor area ratio (FAR) of 3.39. The transaction will require permits, with an estimated timeframe of 3 months for processing.

Summary of transaction details

  • Property Type: Multi Use
  • Transaction Amount: $11,777,800
  • Market: Jackson Heights, Queens
  • Buyer: David Levine
  • Seller: Carlos P Naudon
  • BSF: 10,200
  • PPBSF: $1,155
  • SF: 10,160
  • PPSF: $1,159
  • Zoning: C4-3
  • Lot Size: 3,000
  • Last Sale Price: $0 (9/29/2017)
  • Tax Class: 4
  • FAR: 3.39
  • Permits: 3 months for permits
  • Lot Dimension: 30 ft x 100 ft

David Levine represented the buyer in this transaction. The deal was facilitated by Carlos P Naudon's representative.

Players

David Levine
4 deals$789.8M volume(212) 390-2873
BROKER

David Levine
4 deals$789.8M volume
BUYER

Details

SOLD
IMAGE: 12/16/2021 ADDRESS: 37-60 82 Street MARKET: Jackson Heights, Queens ASSET TYPE: Multi Use ~ ZONING: C4-3 BUYER: David Levine SELLER: Carlos P Naudon PRICE: $11,777,800 BSF: 10,200 ~ PPBSF: $1,155 SF: 10,160 ~ PPSF: $1,159 FAR: 3.39 TAX CLASS: 4 LOT SIZE: 3,000 LAST SALE PRICE: $0 (9/29/2017) PERMITS: 3 months for permits LOT DIMENSION: 30 ft x 100 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$628,149.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,844.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,832.78
Annual Debt Service$669,993.37