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87-44 168th Place

Mohammed Chowdhury Acquires Mixed-Use Property On 87-44 168th Place, New York City For $7.25M
SOLDMixed-use

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

Sabbir Ahmed

Broker

$7.3M

vol

2 deals

Broker

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