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
Maspeth, Queens 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
7.61%
Cash-on-Cash
-2.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93