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138-13 Queens Boulevard, Br...

Noorollah Asherian Acquires Other Property On Queens Boulevard For $5.9M
SOLDOther

Noorollah Asherian Acquires Other Property On Queens Boulevard For $5.9M

138-13 Queens Boulevard, Briarwood, NY, USA

$5,900,000

$663/SF

Building Size

8,890 SF

Asset Type

Other

Closing

Sep 25, 2019

AI

An other property located at 138-13 - 138-21 Queens Boulevard in Briarwood has been sold. The property consists of a five-tenant retail strip and was 100% occupied at the time of the sale. The transaction took place on September 26, 2019.

Summary of transaction details:

  • Property Type: Other
  • Sale Price: $5,900,000
  • Square Feet: 8,890
  • Price per Square Foot: $663
  • Address: 138-13 - 138-21 Queens Boulevard, Briarwood
  • Market: Briarwood

The seller of the property was Alexander Laszlo & Matilda Polanski, while the buyer was Noorollah Asherian. The transaction was facilitated by brokers Scott Plasky, Jake Kahn, and Billy Stephan.

Players

William Stephan

Marcus & Millichap

Broker

$236.5M

vol

39 deals

Broker
Scott Plasky
Verified Badge

Scott Plasky

Marcus & Millichap

Broker

$406.4M

vol

78 deals

Broker

Noorollah Asherian

Buyer

$19.4M

vol

3 deals

Buyer

Jamaica Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93