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
Rego Park Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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