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64-57 Woodhaven Boulevard

John Rafferty Acquires Office At 64-57 Woodhaven Boulevard Rego Park For $2.8M
SOLDOffice

John Rafferty Acquires Office At 64-57 Woodhaven Boulevard Rego Park For $2.8M

64-57 Woodhaven Boulevard

$2,800,000

$598/SF

Building Size

4,680 SF

Asset Type

Office

Closing

Jul 19, 2024

AI

The property asset involved in the transaction is an office located at 64-57 Woodhaven Boulevard in Rego Park, Queens. The sale price for the property was $2,800,000, with a total square footage of 4,680, resulting in a price per square foot of $598.

Summary of transaction details:

The deal involved John Rafferty as the buyer, with Christopher Pesce and Kenneth Hester representing him as brokers through Douglas Elliman. The transaction was officially completed on July 19, 2024.

Players

Christopher Pesce

Douglas Elliman

Broker

$15.1M

vol

7 deals

Broker

Rego Park 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93