Padraic Sheridan Acquires Mixed-Use Property In Jackson Heights, Queens For $2.3M
8219 Northern Boulevard, Jackson Heights, NY 11372, USA
$2,285,000
$318/SF
Building Size
7,175 SF
Asset Type
Mixed-use
Closing
Nov 4, 2021
AI
Located in Jackson Heights, Queens, the mixed-use property at 82-19 Northern Blvd. has changed hands in a recent transaction. The property spans 7,175 square feet and was sold for a total of $2,285,000, resulting in a price per square foot of $318.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,285,000
- Buyer: Padraic Sheridan
- Brokers: Shaun Riney, Dylan Walsh, and Nat Rockett - Marcus & Millichap
- Market: Jackson Heights, Queens
The buyer, Padraic Sheridan, acquired the property with the assistance of brokers Shaun Riney, Dylan Walsh, and Nat Rockett from Marcus & Millichap. This transaction represents a successful deal in the Jackson Heights market, showcasing the demand for mixed-use properties in the area.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.94%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93