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68-19 Woodhaven Blvd, Flush...

Giuseppe Zuccarella Acquires Commercial Building In Queens For $5.35M
SOLDOther

Giuseppe Zuccarella Acquires Commercial Building In Queens For $5.35M

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

$5,350,000

$347/SF

Building Size

15,400 SF

Asset Type

Other

Closing

Jul 29, 2019

AI

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

Cushman & Wakefield

Broker

$20.6M

vol

8 deals

Broker

Rego Park 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

2.97%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93