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40-08 Warren St #06, Queens...

RW Real Estate Acquires Mixed-Use Property In Elmhurst For $5.35M Featuring Sellers Messina Family And Brokers Michael Guttman, Aaron Jungreis
SOLDMixed-use

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker
Corey Horowitz

Corey Horowitz

RW Real Estate

Buyer

$23M

vol

7 deals

Buyer

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