facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

66-43 Grand Avenue

Noah Shaw Acquires Mixed-Use Property At 66-43 Grand Avenue, Maspeth, Queens For $2.1M
SOLDMixed-use

Noah Shaw Acquires Mixed-Use Property At 66-43 Grand Avenue, Maspeth, Queens For $2.1M

66-43 Grand Avenue

$2,085,000

$248/SF

Building Size

8,400 SF

Asset Type

Mixed-use

Closing

Jan 25, 2023

AI

A mixed-use property located at 66-43 Grand Avenue in Maspeth, Queens has been sold for $2,085,000. The property spans 8,400 square feet, resulting in a price per square foot of $248. The transaction took place on January 25, 2023.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $2,085,000
  • Square Footage: 8,400
  • Price per Square Foot: $248
  • Transaction Date: January 25, 2023
  • Address: 66-43 Grand Avenue, Maspeth, Queens

Noah Shaw has acquired the property from the seller, Lorraine E. Ripley Revocable Trust. The deal was facilitated by brokers Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Schmitz, and Kevin Louie, representing Ripco.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker

Lorraine E. Ripley

Revocable Trust

Seller

$10.1M

vol

3 deals

Seller

Maspeth, Queens 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

7.61%

Cash-on-Cash

-2.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93