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
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.
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