Cement & Concrete Workers Acquire Office Property In Bayside For $14.7M
42-11 214th Place, Queens, New York 11361, United States
$14,725,000
$488/SF
Building Size
30,122 SF
Asset Type
Office
Closing
Jun 1, 2022
About this deal
AI
The office property located at 42-11 214th Place in Bayside was recently sold for $14,725,000. The transaction took place on June 2, 2022, and the property spans over 30,122 square feet. With a price per square foot of $488, this office asset attracted the attention of buyers.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,725,000
- Address: 42-11 214th Place
- Market: Bayside
- Square Footage: 30,122
- Price Per Square Foot: $488
The buyer of this office property was Cement & Concrete Workers, while the sellers were Anthony Chiodi, John Chiodi, and Edward F. Linekin. The involvement of these individuals and companies demonstrates their decision to participate in this transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93