Raymour Flanigan Acquires Store & Office Property In Elmhurst For $14M
86-08 Queens Blvd, Queens, NY 11373, USA
$14,000,000
$48/SF
Building Size
288,900 SF
Asset Type
Office
Closing
Dec 1, 2019
About this deal
AI
The property located at 86-08 Queens Boulevard in Elmhurst was recently sold in a closed transaction. The asset consists of a store and office space, with a total square footage of 28,890. The transaction took place on 12/02/2019 with a selling price of $14,000,000, resulting in a price per square foot of $485.
Summary of transation details
- Property Type: Store & office
- Transaction Amount: $14,000,000
- Square Footage: 28,890
- Price per Square Foot: $485
- Address: 86-08 Queens Boulevard
- Market: Elmhurst
The buyer in this transaction was RaymourFlanigan Real Estate. They acquired the property from the Seaman family.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93