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
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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