Updated Sep 9, 2024
Heung Kyun Kim Acquires Retail Property On 31st Street In New York City For $1.075M
31-29 31st St Queens, NY 11106, USA
$1,075,000
$912/SF
Building Size
1,178 SF
Asset Type
MultiFamily
Closing
Jun 26, 2023
About this deal
AI
A retail property located at 31-29 31st Street in New York City has been sold. The property spans 1,178 square feet and was sold for a price of $1,075,000, resulting in a price per square foot of $913. The transaction took place on June 26, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,075,000
- Address: 31-29 31st Street, New York City
- Market: New York City
The buyer of the property is Heung Kyun Kim, while the seller is Spyro Avdoulos. Representing the buyer's side in the deal are Mi Yeong Jung and Jane Gao from Century Homes Realty Group. On the seller's side, Luca DiCiero and Faisal Gilani from NY Space Finders served as the representatives.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93