A&E Real Estate Holdings Acquires Mixed-Use Property In Flushing From Feil Organization
92-40 Queens Boulevard, Queens, New York 11374, United States
$15,000,000
$218/SF
Building Size
68,700 SF
Asset Type
Mixed-use
Closing
Feb 1, 2022
About this deal
AI
Located at 92-40 Queens Boulevard in Flushing, this mixed-use property was recently sold in a transaction valued at $15,000,000. The property spans a total of 68,700 square feet, resulting in a price per square foot of $218. The sale took place on February 2, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $15,000,000
- Address: 92-40 Queens Boulevard
- Market: Flushing
The buyer of this property was A&E Real Estate Holdings, while the Feil Organization acted as the seller. The deal was facilitated by brokers James Nelson, Neil Helman, Charles Kingsley, Jon Epstein, Fritz Richter, and Bradley Rothschild from Avison Young.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93