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
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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