Petsanas Family Acquires Office In Woodhaven, Queens For $5.6M
SOLD
$5,626,000
+ 2
New York
See Similar DealsOffice5,065 SF
Sold 07/21/2022
SOLD
Petsanas Family Acquires Office In Woodhaven, Queens For $5.6M
91-07 Jamaica Avenue
See Similar DealsOffice5,065 SF
Sold 07/21/2022
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$1,110
Total Square Footage:5,065 SF
Transaction Type:Sale
The office property located at 91-07 Jamaica Avenue in Woodhaven, Queens has been sold in a speed post transaction. The property spans 5,065 square feet and was sold for a price of $5,626,000, resulting in a price per square foot of $1,110.
Summary of transaction details:
- Property Type: Office
- Sale Price: $5,626,000
- Square Footage: 5,065
- Price Per Square Foot: $1,110
The buyer in this transaction is the Petsanas Family, while David Yonathan is the seller. The seller's representatives from Ripco Real Estate include Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$300,053.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,988.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,670.11
Annual Debt Service$320,041.32
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