Mohammed Chowdhury Acquires Mixed-Use Property On 87-44 168th Place, New York City For $7.25M
87-44 168th Place
$7,250,000
$668/SF
Building Size
10,840 SF
Asset Type
Mixed-use
Closing
Feb 16, 2023
AI
A mixed-use property located at 87-44 168th Place in New York City has been sold for a total price of $7,250,000. The property spans 10,840 square feet, resulting in a price per square foot of $669. The transaction took place on February 16, 2023.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,250,000
- Square Footage: 10,840
- Price Per Square Foot: $669
Mohammed Chowdhury has acquired the property from Abdul Majeed. Representing the seller was Sabbir Ahmed and Brian Mannie from Elite Synergy Realty.
Players
Market 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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93