Diego Lomanto Acquires Whitestone Office Building From George Liakaris For $4.2M
150-42 12th Avenue, Whitestone, Queens, NY, USA
$4,200,000
$461/SF
Building Size
9,110 SF
Asset Type
Office
Closing
Dec 28, 2020
About this deal
AI
The office property located at 150-42 12 Avenue in Whitestone was recently sold on December 29, 2020. The property spans 9,110 square feet and has a zoning designation of R3-2, C2-2. The transaction took place with a sale price of $4,200,000, resulting in a price per square foot of $461. The previous sale of the property occurred in March 2015 for $1,475,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,200,000
- Location: 150-42 12 Avenue, Whitestone
- Market: Whitestone
- Zoning: R3-2, C2-2
The buyer of the property is Diego Lomanto, while the seller is George Liakaris.
Please note that no additional information is available about this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93