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
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.
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