Platinum Realty Acquires Property In Richmond Hill For $3.7 Million With Seller's Reps Colby Swartz And Dino Mouzakitis
SOLD
$3,700,000
New York
See Similar DealsOffice
Sold 09/08/2016
SOLD
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
See Similar DealsOffice
Sold 09/08/2016
Summary
NEW YORK
Asset Type:Office
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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