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70-20 Austin Street

Lachtman Cohen P.C Represents Seller In $12M Sale Of Mixed-Use Property In Forest Hills
SOLDMixed-use

Lachtman Cohen P.C Represents Seller In $12M Sale Of Mixed-Use Property In Forest Hills

70-20 Austin Street

$12,000,000

$375/SF

Building Size

32,000 SF

Asset Type

Mixed-use

Closing

Nov 2, 2022

AI

The mixed-use property located at 70-20 Austin Street in Forest Hills has been sold for a price of $12,000,000. The property spans 32,000 square feet, resulting in a price per square foot of $375. The transaction took place on 11/02/2022.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $12,000,000
  • Address: 70-20 Austin Street
  • Market: Forest Hills
  • Square Footage: 32,000 SF
  • Purchase Price per Square Foot: $375

David R. Lachtman, Esq. from Lachtman Cohen P.C served as the seller's counsel for this transaction.

Players

David R Lachtman

Broker

$209.1M

vol

12 deals

Broker

Forest Hills 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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93