LAZ Parking Acquires Licensed Parking Lots In Queens For $24.85M
149 130th St, South Ozone Park, NY 11420, USA
Building Size
—
Asset Type
Other
Closing
Nov 28, 2020
About this deal
AI
A licensed parking lot located at 149-15 and 149-21 130th Street, 149-20 131st Street, and 30-02 S Conduit Avenue in Queens, New York, has been sold for a total price of $24,850,000. The transaction was completed by LAZ Parking, represented by Alan Lazowski, Peter Levin, Larry Stubbs, Jeffrey Karp, Lester Petracca, Joshua Weingarten, Elysa Goldman, and Brett Goldman.
Summary of transaction details
- Property Type: Licensed Parking
- Transaction Amount: $24,850,000
- Address: 149-15 and 149-21 130th Street, 149-20 131st Street, and 30-02 S Conduit Avenue, Queens, New York
- Market: Queens
The sale of the licensed parking lot was brokered by LAZ Parking's representatives, including Alan Lazowski, Peter Levin, Larry Stubbs, Jeffrey Karp, Lester Petracca, Joshua Weingarten, Elysa Goldman, and Brett Goldman. The transaction showcases their expertise in the real estate market, facilitating a successful deal for the buyer and seller.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93