Qing Sui Acquires Mixed-Use Property In Queens For $1.35M
SOLD
$1,350,000
New York
See Similar DealsMixed-use10,000 SF
Sold 12/11/2018
SOLD
Qing Sui Acquires Mixed-Use Property In Queens For $1.35M
48 78th Street, Queens, New York, NY, USA
See Similar DealsMixed-use10,000 SF
Sold 12/11/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$135
Total Square Footage:10,000 SF
Transaction Type:Sale
An mixed-use property located at 87-48 78th Street in Queens has been sold for $1,350,000. The property spans 10,000 square feet, leading to a price per square foot of $135. The transaction took place on 12/11/18.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,350,000
- Square Footage: 10,000
- Price per Square Foot: $135
- Address: 87-48 78th Street, Queens
- Seller: David Eng
- Buyer: Qing Sui
- Seller's Brokers: Jonathan Zarka and Yosef Katz
- Buyer's Broker: Yosef Katz
The sale was facilitated by Yosef Katz and Jonathan Zarka, who represented the seller. Yosef Katz also acted as the buyer's broker in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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