The Jemstone Group LLC And Bond Street Capital Group Acquires Mixed-Use Property In Sunnyside, Queens For $14.25M
46-12 Queens Boulevard, Queens, New York 11104, United States
$14,250,000
$475/SF
Building Size
30,000 SF
Asset Type
Mixed-use
Closing
Sep 13, 2021
About this deal
AI
The mixed-use property located at 46-12 Queens Blvd. & 46-27 Greenpoint Ave. in Sunnyside, Queens has been sold. The transaction took place on September 13, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $14,250,000
- Square Footage: 30,000 SF
- Price Per Square Foot: $475
- Market: Sunnyside, Queens
The buyer of the property is The Jemstone Group LLC represented by Joseph I. Jemal, along with Bond Street Capital Group represented by Daniel Haghani.
The mixed use sale at 46-12 Queens Boulevard, Queens, New York 11104, United States in New York, New York sold for $14.3M in 2021. The building is 30,000 square feet, implying about 475 per square foot on the published price. This page is the New York, New York file for the 46-12 Queens Boulevard, Queens, New York 11104, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 46-12 Queens Boulevard, Queens, New York 11104, United States around 2021. Published consideration for 46-12 Queens Boulevard, Queens, New York 11104, United States is $14.3M, dated 2021. Cite this The Jemstone Group LLC And Bond Street Capital Group Acquires Mixed-Use Property In Sunnyside, Queens For $14.25M sale when underwriting similar mixed use product around New York, New York.
Players
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93