Rosa Giahn Acquires Mixed-Use Property In Corona, Queens For $2.5M
$2,500,000
$508/SF
Building Size
4,920 SF
Asset Type
Mixed-use
Closing
Dec 28, 2023
AI
The mixed-use property located at 41-02 102nd Street in Corona, Queens, has been sold for a price of $2,500,000. The property spans across 4,920 square feet, resulting in a price per square foot of $508. The transaction took place on December 28, 2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 41-02 102nd Street, Corona, Queens
- Square Footage: 4,920
- Price per Square Foot: $508
- Market: Corona, Queens
The buyer of the property is Rosa Giahn, while the seller is Corazon Dejesus Lopez. The transaction was facilitated by B Square Realty, with Barbie Li and Vivian Chen acting as the brokers representing both parties. Barbie Li, who represents the seller, played a crucial role in negotiating a great deal for this mixed-use property in Corona. The sale transaction also involved seller financing. B Square Realty is experienced in assisting potential sellers in achieving their real estate goals at a high level. They have more commercial listings in the area suitable for 1031 exchange buyers. For more information, interested parties can contact Barbie Li at [email protected] or call 646-889-9988.
Please note that the property sale transaction was concluded successfully, with all the necessary details provided for the asset and individuals involved.
Players
Market 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93