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212 Northern Boulevard, Que...

Updated Oct 28, 2024

X-Treme Care Acquires Office Building In Bayside For $13M
SOLDOffice

X-Treme Care Acquires Office Building In Bayside For $13M

212 Northern Boulevard, Queens, New York 11358, United States

$13,000,000

$447/SF

Building Size

29,057 SF

Asset Type

Office

Closing

Jul 27, 2022

About this deal

AI

X-Treme Care has acquired an office property located at 212-14 Northern Boulevard in Bayside. The transaction took place on July 28, 2022, with Won Chong Kim selling the property to X-Treme Care for a total price of $13,000,000. The office space spans across 29,057 square feet, resulting in a price per square foot of $447.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,000,000
  • Address: 212-14 Northern Boulevard, Bayside
  • Buyer: X-Treme Care
  • Seller: Won Chong Kim
  • Square Footage: 29,057
  • Price per Square Foot: $447

X-Treme Care's acquisition of the office property on Northern Boulevard in Bayside marks a significant deal. The involvement of Won Chong Kim as the seller adds another layer of interest to the transaction. X-Treme Care's strategic move in acquiring this property will undoubtedly impact their business operations for the better.

Players

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $447 per square foot on a published $13M for 29,057 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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