Karen Shchuka Acquires Garages In Springfield Gardens, Queens For $6M
163 Rockaway Boulevard, Queens, New York 11420, United States
$6,000,000
$857/SF
Building Size
7,000 SF
Asset Type
Other
Closing
Dec 9, 2021
About this deal
AI
The property asset involved in this transaction is located at 163-11 Rockaway Boulevard in Springfield Gardens, Queens. It consists of garages and is zoned as M1-1. The property has a lot size of 19,550 square feet, with dimensions of 190 ft x 102 ft. The transaction took place on December 10, 2021.
Summary of transaction details:
- Property Type: Garages
- Transaction Amount: $6,000,000
- Buyer: Karen Shchuka
- Seller: Richard Stillo
- BSF (Building Square Footage): 19,550
- PPBSF (Price per Building Square Foot): $307
- Total Square Footage: 7,000
- PPSF (Price per Square Foot): $857
- FAR (Floor Area Ratio): 0.36
- Tax Class: 4
- Last Sale Price: $0
The buyer in this transaction is Karen Shchuka, while the seller is Richard Stillo. The property was sold for a price of $6,000,000. The BSF is 19,550 square feet, with a PPBSF of $307. The total square footage of the property is 7,000, with a PPSF of $857. The FAR is 0.36 and the tax class is 4.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93