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44-07 Queens Boulevard, Que...

Chun Hua Xie Acquires Mixed-use Property In Queens For $3.9M
SOLDMixed-use

Chun Hua Xie Acquires Mixed-use Property In Queens For $3.9M

44-07 Queens Boulevard, Queens, New York 11104, United States

$3,900,000

$611/SF

Building Size

6,382 SF

Asset Type

Mixed-use

Closing

Feb 14, 2022

AI

Located at 4407-4409 Queens Boulevard in Queens, this mixed-use property was recently sold. The transaction took place on February 15, 2022, and the property was purchased by Chun Hua Xie from the Ritsos Family. The deal was facilitated by brokers Matt Fotis, Lazarus Apostolidis, and Danzel Williams from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,900,000
  • Square Footage: 6,382
  • Price per Square Foot: $611
  • Address: 4407-4409 Queens Boulevard
  • Market: Queens

Chun Hua Xie successfully acquired this mixed-use property, showcasing their interest in real estate investments. The property offers a total area of 6,382 square feet, ensuring ample space for various purposes. With the purchase price of $3,900,000, the transaction reflects an average price per square foot of $611.

Players

Matt Fotis

Marcus & Millichap

Broker

$609.4M

vol

112 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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93