Daniel Figotin & Sandra Ferrier Acquire Package Deal In Sunnyside, Elmhurst, Astoria & Jackson Heights For $7M
SOLD
$7,000,000
New York
See Similar DealsMixed-use16,909 SF
Sold 12/08/2021
SOLD
Daniel Figotin & Sandra Ferrier Acquire Package Deal In Sunnyside, Elmhurst, Astoria & Jackson Heights For $7M
47-02 Greenpoint Ave
See Similar DealsMixed-use16,909 SF
Sold 12/08/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$414
Total Square Footage:16,909 SF
Transaction Type:Sale
The package deal involving properties located at 47-02 Greenpoint Ave., 40-14 83rd St., 21-02 30th Ave., and 72-22 34th in Sunnyside, Elmhurst, Astoria, and Jackson Heights respectively, has been sold. The transaction took place on December 8, 2021.
Summary of Transaction Details
- Property Type: Package Deal
- Transaction Amount: $7,000,000
- Square Footage: 16,909 sq ft
- Price per Square Foot: $413
- Buyer: Daniel Figotin & Sandra Ferrier
- Seller: The Diaz Family
- Brokers: Lev Mavashev & Ben Normatov - Alpha Realty
The buyers, Daniel Figotin and Sandra Ferrier, have acquired the package deal from the Diaz Family. Representing the deal were brokers Lev Mavashev and Ben Normatov from Alpha Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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