Diego Lomanto Acquires Whitestone Office Building From George Liakaris For $4.2M
SOLD
$4,200,000
New York
See Similar DealsOffice9,110 SF
Sold 12/29/2020
SOLD
Diego Lomanto Acquires Whitestone Office Building From George Liakaris For $4.2M
150-42 12th Avenue, Whitestone, Queens, NY, USA
See Similar DealsOffice9,110 SF
Sold 12/29/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$461
Total Square Footage:9,110 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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