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:
- Property Type: Office
- Transaction Amount: $2,800,000
- Square Footage: 4,680
- Price Per Square Foot: $598
- Market: Rego Park, Queens
- Buyer: John Rafferty
- Brokers: Christopher Pesce & Kenneth Hester - Douglas Elliman
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
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