Qing Sui Acquires Mixed-Use Property In Queens For $1.35M
48 78th Street, Queens, New York, NY, USA
$1,350,000
$135/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Dec 10, 2018
About this deal
AI
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.
On the Map
$1,350,000
$135/SF
Mixed-use
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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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93