SOLDMixed-use
8Star Holdings LLC Acquires Mixuse Property In Long Island From Eunhasu Corp For $12.15M
47-33 5th St, Long Island City, NY 11101, USA
Building Size
6,933 SF
Asset Type
Mixed-use
Closing
Nov 7, 2017
AI
Located at 47-33 5th St in New York, this mixed-use property was sold for a total of $12,150,000. The transaction took place in the Long Island market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $12,150,000
- Seller: Eunhasu Corp
- Buyer: 8Star Holdings LLC
- Broker: Capital Property Partners’s Michael Saidian @saidcity
Capital Property Partners’s Michael Saidian @saidcity represented both the seller, Eunhasu Corp, and the buyer, 8Star Holdings LLC, in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93