RW Real Estate Acquires Mixed-Use Property In Elmhurst For $5.35M Featuring Sellers Messina Family And Brokers Michael Guttman, Aaron Jungreis
40-08 Warren St #06, Queens, NY 11373, USA
$5,350,000
$37/SF
Building Size
143,000 SF
Asset Type
Mixed-use
Closing
May 16, 2019
AI
The mixed-use property located at 40-04, 40-06, and 40-08 Warren Street in Elmhurst has been sold for a total of $5,350,000. The property spans 14,300 square feet and was sold at a price of $374 per square foot. The gross income generated by the property is $475,000. The transaction took place on May 17, 2019.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $5,350,000
- Square Footage: 14,300
- Price per Square Foot: $374
- Gross Income: $475,000
- Market: Elmhurst
The seller of the property was the Messina Family, while the buyer was RW Real Estate represented by Corey Horowitz. The transaction was facilitated by brokers Michael Guttman and Aaron Jungreis.
Players
Elmhurst 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93