Hogwart's Capital Acquires Mixed-Use Property In Queens For $23.5M
47-16 Greenpoint Avenue
$23,500,000
$834/SF
Building Size
28,153 SF
Asset Type
Mixed-use
Closing
Jul 1, 2022
About this deal
AI
A mixed-use property located at 47-16 Greenpoint Ave in Queens has been sold in a recent transaction. The property, spanning 28,153 square feet, was sold for a total price of $23,500,000, resulting in a price per square foot of $834.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $23,500,000
- Address: 47-16 Greenpoint Ave, Queens
- Square Footage: 28,153
- Price per Square Foot: $834
The buyer of the property is Hogwart’s Capital, while the seller is AB Capstone. The seller's representatives involved in the deal include Eric Michael Anton, Michael Kook, and Nathan Ande from The Anton Group. On the other hand, the buyer is represented by Eric Michael Anton and Nelson Lee.
On the Map
$23,500,000
$834/SF
Mixed-use
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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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93