Katz Realty Group Acquires Office Building In Little Neck, Queens For $5.125M
250-10 Northern Boulevard, Queens, New York 11362, United States
$5,125,000
$378/SF
Building Size
13,558 SF
Asset Type
Office
Closing
Aug 15, 2022
About this deal
AI
The office building located at 250-10 Northern Boulevard & 250-02 Northern Boulevard in Little Neck, Queens, was sold for a total price of $5,125,000. The property spans 13,558 square feet, resulting in a price per square foot of $378.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,125,000
- Address: 250-10 Northern Boulevard & 250-02 Northern Boulevard
- Market: Little Neck, Queens
The buyer in this transaction was Katz Realty Group, represented by Lennard Katz. The seller was Victor K. Olson.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.10%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93