Rong Rong Huang Purchases Mixed-Use Property In Bayside For $1 Million With Brokers Walsh, Kolbus, Baker, And Zikos
214-04 46th Road
$1,000,000
$454/SF
Building Size
2,200 SF
Asset Type
Mixed-use
Closing
Sep 26, 2024
About this deal
AI
The property asset involved in this transaction is a mixed-use space located at 214-04 46th Road, Bayside. The transaction was completed for a price of $1,000,000, encompassing a total area of 2,200 square feet, which translates to a price per square foot of $454.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,000,000
- Address: 214-04 46th Road
- Market: Bayside
- Square Footage: 2,200
- Price Per Square Foot: $454
- Buyer: Rong Rong Huang
- Seller: Joel Kronberg
- Brokers: Dylan Walsh, Nick Kolbus & Kieran Baker - Cushman & Wakefield; Harry Zikos - Oxford Property Group
The individuals involved in this transaction include Rong Rong Huang as the buyer and Joel Kronberg as the seller. The brokerage firms representing them were Cushman & Wakefield, with Dylan Walsh, Nick Kolbus, and Kieran Baker, along with Harry Zikos from Oxford Property Group.
Players
Bayside 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93