facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

47-16 Greenpoint Avenue

Hogwart's Capital Acquires Mixed-Use Property In Queens For $23.5M
SOLDMixed-use

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

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.

Players

Michael Kook

Marcus & Millichap

Broker

$98.7M

vol

13 deals

Broker
AB Capstone
AB CapstoneSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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