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11506 Myrtle Ave, Queens, N...

Platinum Realty Acquires Property In Richmond Hill For $3.7 Million With Seller's Reps Colby Swartz And Dino Mouzakitis
SOLDOffice

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

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.

Players

Thomas Doglio

Marcus & Millichap

Broker

$12.2M

vol

2 deals

Broker
PR
Platinum RealtyBuyer

Richmond Hill Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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