Daniel Figotin & Sandra Ferrier Acquire Package Deal In Sunnyside, Elmhurst, Astoria & Jackson Heights For $7M
47-02 Greenpoint Ave
$7,000,000
$414/SF
Building Size
16,909 SF
Asset Type
Mixed-use
Closing
Dec 8, 2021
AI
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.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93