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Giuseppe Zuccarella Acquires Commercial Building In Queens For $5.35M

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SOLD
$5,350,000

New York

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Other15,400 SF
Sold 07/30/2019
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SOLD

Giuseppe Zuccarella Acquires Commercial Building In Queens For $5.35M

68-19 Woodhaven Blvd, Flushing, NY 11374, USA

See Similar Deals
Other15,400 SF
Sold 07/30/2019
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$347
Total Square Footage:15,400 SF
Transaction Type:Sale

The commercial building located at 68-19 Woodhaven Boulevard in Queens, Rego Park has been sold for a price of $5,350,000. The property spans a total of 15,400 square feet, resulting in a price per square foot of $347. The building has a total building size of 22,182 square feet, resulting in a price per building square foot of $241. The transaction was completed on July 30, 2019.

Summary of transaction details:

  • Property Type: Commercial Building / Redevelopment
  • Transaction Amount: $5,350,000
  • Square Footage: 15,400 square feet
  • Price per Square Foot: $347
  • Total Building Size: 22,182 square feet
  • Price per Building Square Foot: $241
  • Address: 68-19 Woodhaven Boulevard
  • Market: Queens, Rego Park

The seller of the property was John McCloskey, while the buyer was Giuseppe Zuccarella. The transaction was facilitated by brokers Stephen R Preuss and Rani Bendary from @teampreuss.

It is important to note that the building was delivered fully-leased with air conditioning.

Players

Rani Bendary
8 deals$20.6M volume
BROKER

Stephen R. Preuss Sr.
Ripco
258 deals$2B volume(718) 663-2639
BROKER

Details

SOLD
IMAGE: Stephen R Preuss & Rani Bendary DATE: 07/30/2019 ADDRESS: 68-19 Woodhaven Boulevard MARKET: Queens, Rego Park ASSET TYPE: Commercial Building / Redevelopment SALE PRICE: $5,350,000 SF: 15,400 PPSF: $347 BSF: 22,182 PPBSF: $241 SELLER: John McCloskey BUYER: Giuseppe Zuccarella BROKERS: Stephen R Preuss & Rani Bendary @teampreuss NOTE: Building was delivered fully-leased with air […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75