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54-07 Roosevelt Avenue, Woo...

PeakCapitalRE Acquires Mixed-Use Property On Roosevelt Avenue In Woodside, Queens For $1.35M
SOLDMixed-use

PeakCapitalRE Acquires Mixed-Use Property On Roosevelt Avenue In Woodside, Queens For $1.35M

54-07 Roosevelt Avenue, Woodside, Queens County, NY, USA

$1,350,000

$319/SF

Building Size

4,220 SF

Asset Type

Mixed-use

Closing

Jan 18, 2021

AI

Located in Woodside, Queens, the mixed-use property at 54-07 Roosevelt Avenue has recently been sold. The transaction took place on January 19, 2021 and was facilitated by David Gomez and Alex Rabin, as shown in an image shared on Instagram. The property spans a total of 4,220 square feet and is zoned as R6 and C1-4, allowing for a variety of uses. The buyer of the property is @PeakCapitalRE, a real estate company specializing in affordable luxury housing in prime Queens neighborhoods. The seller of the property is Bruce Gomez.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,350,000
  • Address: 54-07 Roosevelt Avenue, Woodside, Queens
  • Market: Woodside, Queens
  • Square Footage: 4,220

In addition to this acquisition, @PeakCapitalRE has completed two other deals in the past month and a total of ten deals overall. The company aims to provide affordable luxury housing options in sought-after neighborhoods in Queens. For any inquiries or potential deals, interested parties can reach out to Alex Kaskel at [email protected].

Players

Peak Capital Advisors
Peak Capital AdvisorsBuyer

Bruce Gomez

Seller

$8.4M

vol

2 deals

Seller

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93