Brent Iloulian Acquires Office Building In Sunnyside, Queens For $5.35M
36-52 35th Street, Long Island City, NY, USA
$5,350,000
$937/SF
Building Size
5,705 SF
Asset Type
Office
Closing
May 20, 2021
AI
The office property located at 52-29 35th Street in Sunnyside, Queens has been sold for a price of $5,350,000. The transaction took place on May 21, 2021. The property spans across an area of 5,705 square feet, resulting in a price per square foot of $937. The office is situated in an area zoned as M1-1.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,350,000
- Market: Sunnyside, Queens
- Zoning: M1-1
The buyer of the property is Brent Iloulian, while Joseph Lazo acted as the seller. The property has a floor area ratio (FAR) of 0.43. The lot size is 2,500 square feet with dimensions of 25 ft x 100.83 ft. Additionally, permits for alteration type 1 were obtained on October 31, 1997.
Players
Astoria 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93