Noah Shaw Acquires Mixed-Use Property At 66-43 Grand Avenue, Maspeth, Queens For $2.1M
SOLD
$2,085,000
+ 2
New York
See Similar DealsMixed-use8,400 SF
Sold 01/25/2023
SOLD
Noah Shaw Acquires Mixed-Use Property At 66-43 Grand Avenue, Maspeth, Queens For $2.1M
66-43 Grand Avenue
See Similar DealsMixed-use8,400 SF
Sold 01/25/2023
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$248
Total Square Footage:8,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$111,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,407.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,883.96
Annual Debt Service$118,607.56
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