Steve Lelekidis Of ModernSpaces Represents Fantasia Realty LLC In $1.675M Mix-Use Transaction
98-02 Astoria Blvd, Flushing, NY 11369, USA
Building Size
3,490 SF
Asset Type
Mixed-use
Closing
Nov 28, 2017
About this deal
AI
The mix-use property located at 98-02 Astoria Blvd in East Elmhurst, New York has been sold in a closed transaction. The property consists of 4 commercial units and 2 residential units.
Summary of transaction details
- Property Type: Mix use
- Transaction Amount: $1,675,000
- Address: 98-02 Astoria Blvd, New York
- Market: East Elmhurst
The seller of the property was Fantasia Realty LLC. The buyer has not been disclosed at this time. The transaction was facilitated by Steve Lelekidis from ModernSpaces Realty.
Traded’s record for 98-02 Astoria Blvd, Flushing, NY 11369, USA in East Elmhurst, New York covers a mixed use sale from 2017. Reported inventory is 3,490 square feet across 6 units, or about 0 per square foot. Steve Lelekidis, Modern Spaces appear on the sale alongside Modern Spaces. This page is the East Elmhurst, New York file for the 98-02 Astoria Blvd, Flushing, NY 11369, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same East Elmhurst sit in the Market section below. Filter that East Elmhurst mixed use set by closing date to see what else sold near 98-02 Astoria Blvd, Flushing, NY 11369, USA around 2017. Cite this Steve Lelekidis Of ModernSpaces Represents Fantasia Realty LLC In $1.675M Mix-Use Transaction sale when underwriting similar mixed use product around East Elmhurst, New York.
Players
East Elmhurst 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93