Platinum Realty Acquires Property In Richmond Hill For $3.7 Million With Seller's Reps Colby Swartz And Dino Mouzakitis
11506 Myrtle Ave, Queens, NY, 11418
$3,700,000
Building Size
—
Asset Type
Office
Closing
Sep 8, 2016
About this deal
AI
The property located at 11506 Myrtle Ave, Queens, NY, 11418, is situated in the Richmond Hill market. It was sold for $3,700,000.00, though the square footage is reported as 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,700,000.00
- Address: 11506 Myrtle Ave, Queens, NY, 11418
- Market: Richmond Hill
- Seller's Representatives: Colby Swartz, Dino Mouzakitis (Suzuki Capital)
- Buyer: Platinum Realty
Colby Swartz and Dino Mouzakitis from Suzuki Capital represented the seller in this transaction, while Platinum Realty acted as the buyer. The details provided highlight the involvement of key representatives in facilitating the sale of this property asset.
On the Map
$3,700,000
Office
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Richmond Hill Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93