Hope Medical Service P.C. Acquires Mixed-use Property In Fresh Meadows For $1.9M
67-09 164th St Fresh Meadows, NY 11365
$1,900,000
$1,000/SF
Building Size
1,900 SF
Asset Type
Mixed-use
Closing
Jun 29, 2022
About this deal
AI
A mixed-use property located at 67-09 164th St. in Fresh Meadows has been sold for $1,900,000. The property spans 1,900 square feet, resulting in a price per square foot of $1,000. The transaction took place on June 30, 2022, and the buyer was Hope Medical Service P.C., while the seller was Isabella Bangy. The deal was facilitated by broker Barbie Li from B Square Realty.
Summary of Transation Details
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Address: 67-09 164th St.
- Market: Fresh Meadows
Barbie Li from B Square Realty represented the buyer, Hope Medical Service P.C., in the transaction. This sale highlights the continued demand for mixed-use properties in the Fresh Meadows market.
Players
Fresh Meadows 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93