Updated Nov 24, 2023
Northern Blvd 2626 LLC Acquires Retail Building In Little Neck For $4.1M
246 Northern Boulevard
$4,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 31, 2023
About this deal
AI
A retail building located at 246-15 Northern Boulevard in Little Neck, Queens has been sold for $4.1 million. The property, owned by Lynn Dudgeon King's Long Island Sound Realty Company, spans 3,600 square feet and includes additional air rights. With a total buildable area of 7,934 square feet, the property offers ample space for future development.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $4,100,000
- Market: Little Neck, Queens
- Building Square Footage: 3,600
- Price per Square Foot: $1,139
- Total Buildable Area: 7,934 square feet
The retail building at 246-15 Northern Boulevard was purchased by Northern Blvd 2626 LLC from Lynn Dudgeon King's Long Island Sound Realty Company. This transaction highlights the buyer's interest in acquiring commercial properties in Little Neck, Queens.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93