Fred Khalil Acquires Office Property In Corona For $3.4M
104-01 Roosevelt Avenue, Corona, NY, USA
$3,400,000
$386/SF
Building Size
8,796 SF
Asset Type
Office
Closing
Aug 2, 2021
About this deal
AI
The office located at 104-01 Roosevelt Avenue in Corona has been sold for $3,400,000. The property spans a total of 8,796 square feet and was sold at a price of $386 per square foot. The transaction took place on August 3, 2021. The buyer of the office is Fred Khalil, while the seller is Mercedes Mota-Martinez.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,400,000
- Square Footage: 8,796
- Price Per Square Foot: $386
- Date: August 3, 2021
- Address: 104-01 Roosevelt Avenue, Corona
- Buyer: Fred Khalil
- Seller: Mercedes Mota-Martinez
It is noteworthy that Fred Khalil was represented by their broker, as the buyer's agent, in this transaction.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93