Mark Caller Acquires Vacant Lot In Queens For $2.1M
SOLD
$2,075,000
New York
See Similar DealsOther10,176 SF
Sold 02/04/2018
SOLD
Mark Caller Acquires Vacant Lot In Queens For $2.1M
11-19 Foam Pl, Queens, NY 11691, USA
See Similar DealsOther10,176 SF
Sold 02/04/2018
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$203
Total Square Footage:10,176 SF
Transaction Type:Sale
A vacant lot located at 11-19 Foam Place in New York City's Queens neighborhood has been sold in a closed transaction. The lot, measuring 74.2 feet by 143.7 feet, was sold for a price of $2,075,000. The property is zoned as C4-2 and has a commercial buildable square footage (BSF) of 34,598, residential BSF of 24,727, and commercial facility BSF of 48,884.
Summary of transaction details
- Property Type: Vacant Lot
- Transaction Amount: $2,075,000
- Dimensions: 74.2 x 143.7
- Zoning: C4-2
- Commercial BSF: 34,598
- Residential BSF: 24,727
- Commercial Facility BSF: 48,884
The seller of the property was Gursharan Singh, while the buyer was Mark Caller. The broker representing the deal was Ben Thypin & Stephen Smith from Quantierra_ D Lot.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
Annual Debt Service$118,038.70
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