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41-60 Main St Queens, NY 11...

Cushman & Wakefield And Newmark Broker $80M Sale Of Mixed-Use Property In Flushing, Queens
SOLDMixed-use

Cushman & Wakefield And Newmark Broker $80M Sale Of Mixed-Use Property In Flushing, Queens

41-60 Main St Queens, NY 11355, USA

$80,000,000

$796/SF

Building Size

100,500 SF

Asset Type

Mixed-use

Closing

May 8, 2023

AI

This mixed-use property located at 41-60 Main Street in Flushing, Queens was recently sold in a closed transaction. The property spans 100,500 square feet and was sold for a total price of $80,000,000, resulting in a price per square foot of $796.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $80,000,000
  • Address: 41-60 Main Street
  • Market: Flushing, Queens

The transaction was facilitated by brokers Daniel O'Brien, Dylan Walsh, and Loren Valla from Cushman & Wakefield, as well as Adam Spies from Newmark. These professionals played a crucial role in representing the involved parties and ensuring a successful sale.

Players

Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$72.1B

vol

265 deals

Broker

New York 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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93