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
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