Noorollah Asherian Acquires Other Property On Queens Boulevard For $5.9M
SOLD
$5,900,000
New York
See Similar DealsOther8,890 SF
Sold 09/26/2019
SOLD
Noorollah Asherian Acquires Other Property On Queens Boulevard For $5.9M
138-13 Queens Boulevard, Briarwood, NY, USA
See Similar DealsOther8,890 SF
Sold 09/26/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$663
Total Square Footage:8,890 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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