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4355 Realty NY LLC Purchases Office Building In Flushing Queens For $4,000,000
SOLD
$4,000,000
New York
See Similar DealsOffice10,856 SF
Sold 05/18/2026
SOLD
4355 Realty NY LLC Purchases Office Building In Flushing Queens For $4,000,000
43-55 147th Street
See Similar DealsOffice10,856 SF
Sold 05/18/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$368
Total Square Footage:10,856 SF
Transaction Type:Sale
A 10,856-square-foot office building has been sold at 43-55 147th Street in Flushing, Queens, with a transaction price of $4,000,000. This commercial property transaction reflects a price per square foot of $368.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,000,000
- Buyer: 4355 Realty NY LLC
- Seller: Mark Gelfand
- Sale Date: 05/18/2026
- Square Footage: 10,856
- Price per Square Foot: $368
- Market: Flushing, Queens
In this transaction, the buyer, 4355 Realty NY LLC, acquired the property from seller Mark Gelfand, marking a significant investment in the Flushing area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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