Cushman & Wakefield Brokers Facilitate $2.85M Mixed-Use Sale In Middle Village, Queens
7252 Metropolitan Avenue, Queens, New York 11379, United States
$2,850,000
$139/SF
Building Size
20,400 SF
Asset Type
Mixed-use
Closing
Jan 25, 2022
AI
7252-7260 Metropolitan Ave. in Middle Village, Queens, has been sold in a mixed-use transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,850,000
- Square Footage: 20,400
- Price per Square Foot: $139
- Market: Middle Village, Queens
David Steinberg has purchased the property from Jo Marie Licata. The brokers involved in this transaction were Dan O'Brien, Caroline Hodes, Maurice Suede, Dan Soyak, and Dylan Walsh from Cushman & Wakefield.
No additional information is available regarding this transaction.
Players
New York 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93