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47-14 Junction Boulevard, Q...

Updated Oct 28, 2024

Prashant Patel's Nesting Group Acquires Mixed-Use Property In Corona For $2M
SOLDMixed-use

Prashant Patel's Nesting Group Acquires Mixed-Use Property In Corona For $2M

47-14 Junction Boulevard, Queens, New York 11373, United States

$2,000,000

$355/SF

Building Size

5,624 SF

Asset Type

Mixed-use

Closing

May 17, 2022

About this deal

AI

A mixed-use property located at 47-14 Junction Boulevard in Corona has been sold for $2,000,000. The property spans 5,624 square feet, resulting in a price per square foot of $356. The transaction took place on May 18, 2022. Prashant (Shawn) Patel of Nesting Group acted as the buyer, while Benjamin Landi was the seller.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,000,000
  • Address: 47-14 Junction Boulevard, Corona
  • Square Footage: 5,624
  • Price per Square Foot: $356
  • Buyer: Prashant (Shawn) Patel - Nesting Group
  • Seller: Benjamin Landi
  • Date of Transaction: May 18, 2022

Prashant (Shawn) Patel, representing Nesting Group, acted as the buyer in the sale of the mixed-use property located at 47-14 Junction Boulevard in Corona. Benjamin Landi served as the seller. The transaction, which occurred on May 18, 2022, saw the property change hands for $2,000,000, with a total area of 5,624 square feet and a price per square foot of $356.

Players

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $355 per square foot on a published $2M for 5,624 square feet (2022).

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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