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117-07 116th Avenue, Queens...

Updated Dec 21, 2023

Fesedoun Khalili Acquires Miscellaneous Property In Richmond Hill, Queens For $3.4M
SOLDOther

Fesedoun Khalili Acquires Miscellaneous Property In Richmond Hill, Queens For $3.4M

117-07 116th Avenue, Queens, New York 11412, United States

$3,426,000

$139/SF

Building Size

24,597 SF

Asset Type

Other

Closing

Jan 20, 2022

About this deal

AI

A miscellaneous property in Richmond Hill, Queens has been sold for a total price of $3,426,000. The address of the property is 117-07 116 Street, and it has a lot size of 20,670 square feet. The property is zoned as R6B and C2-4, with a total square footage of 24,597. The building has a floor area ratio (FAR) of 1.19 and falls under tax class 4. Notable permits for the property include an alteration 2 permit issued on August 9, 2016.

Summary of transaction details

  • Property Type: Miscellaneous
  • Transaction Amount: $3,426,000
  • Market: Richmond Hill, Queens
  • Buyer: Fesedoun Khalili
  • Seller: Helene Gross
  • Building Square Footage (BSF): 41,340
  • Price per BSF: $82
  • Price per Square Foot (PPSF): $139
  • Lot Dimension: 54.33 ft x 111.5 ft

Fesedoun Khalili has acquired the property from Helene Gross. The sale includes a building with a square footage of 41,340, which translates to a price per square foot of $82. The lot dimension measures 54.33 ft x 111.5 ft. The transaction took place on January 21, 2022.

Players

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $139 per square foot on a published $3.4M for 24,597 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.63%

Cash-on-Cash

-1.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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