David Shapiro & Brad Zelenitz Acquire Queens Boulevard Office In Queens For $2.975M
SOLD
$2,975,000
New York
See Similar DealsOffice10,000 SF
Sold 07/26/2020
SOLD
David Shapiro & Brad Zelenitz Acquire Queens Boulevard Office In Queens For $2.975M
120-32 Queens Boulevard, Queens, NY, USA
See Similar DealsOffice10,000 SF
Sold 07/26/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$297
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$158,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,569.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,103.02
Annual Debt Service$169,236.21
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