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5317-19 92nd Street, Elmhur...

Mehran Dayanzadeh Acquires Mixed-Use Property In Elmhurst For $2.45M
SOLDMixed-use

Mehran Dayanzadeh Acquires Mixed-Use Property In Elmhurst For $2.45M

5317-19 92nd Street, Elmhurst, NY, USA

$2,450,000

$307/SF

Building Size

7,964 SF

Asset Type

Mixed-use

Closing

Aug 30, 2021

AI

An Elmhurst mixed-use property located at 5317-19 92nd Street was recently sold for $2,450,000. The property spans 7,964 square feet and was sold at a price per square foot of $307. The transaction took place on August 30, 2021.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,450,000
  • Address: 5317-19 92nd Street
  • Market: Elmhurst

The buyer in this transaction was Mehran Dayanzadeh, while the seller was Deta Realty Corp., represented by Nazir Rahaman. The deal was facilitated by brokers Matt Fotis, Zachary Golub, and Danzel Williams from Marcus Millichap.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

Mehran Dayanzadeh

Buyer

$12.5M

vol

3 deals

Buyer

Elmhurst 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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93