Fein Family Acquires Package Deal In Kew Gardens For $2.1M
78-37 Kew Gardens Road, Kew Gardens, NY, USA
$2,100,000
$239/SF
Building Size
8,753 SF
Asset Type
Other
Closing
Aug 16, 2021
About this deal
AI
The package deal located at 78-37 & 78-11 Main Street in Kew Gardens has been sold for a price of $2,100,000. The property spans across 8,753 square feet, resulting in a price per square foot of $239.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,100,000
- Address: 78-37 & 78-11 Main Street, Kew Gardens
- Market: Kew Gardens
- Buyer: Fein Family
- Seller: Jacob Friedman
- Brokers: Shlomo Antebi, Yosef Katz & Erik Yankelovich at ARG_NYC
The buyer of the property is Fein Family, while the seller is Jacob Friedman. Shlomo Antebi, Yosef Katz, and Erik Yankelovich from ARG_NYC represented the parties involved in the transaction.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93