David Shapiro & Brad Zelenitz Acquire Queens Boulevard Office In Queens For $2.975M
120-32 Queens Boulevard, Queens, NY, USA
$2,975,000
$297/SF
Building Size
10,000 SF
Asset Type
Office
Closing
Jul 26, 2020
AI
An office building located at 120-32 Queens Boulevard in Queens has been sold for a price of $2,975,000. The property spans a total of 10,000 square feet, resulting in a price per square foot of $297. The sale took place on July 26, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $2,975,000
- Address: 120-32 Queens Boulevard
- Market: Queens
David Shapiro and Brad Zelenitz acquired the property from David and Arthur Koptiev. The sale was facilitated by Michael Kook of Marcus & Millichap.
Players
New York 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
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93