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97 Continental Avenue, Fore...

Updated Dec 21, 2023

Ilya Zavolunov Acquires Suburban Property In Forest Hills, Queens For $4M
SOLDOther

Ilya Zavolunov Acquires Suburban Property In Forest Hills, Queens For $4M

97 Continental Avenue, Forest Hills, Queens County, NY, USA

$4,000,000

$647/SF

Building Size

6,182 SF

Asset Type

Other

Closing

Oct 27, 2021

About this deal

AI

A suburban property located at 97 Continental Avenue in Forest Hills, Queens has been sold for a price of $4,000,000. The property has a building square footage (BSF) of 9,660 and a price per BSF (PPBSF) of $414. The total square footage (SF) of the property is 6,182, with a price per square foot (PPSF) of $647. The property is zoned as R3-1 and falls under tax class 1. The lot size measures 19,320 square feet, with dimensions of 120 ft x 161 ft. The property has undergone an alteration permit in the past, specifically an Alteration 2 on October 22, 2007.

Summary of transaction details

  • Property Type: Suburban
  • Transaction Amount: $4,000,000
  • Market: Forest Hills, Queens
  • Buyer: Ilya Zavolunov
  • Seller: Sonia Borra De Sanctis

The deal involved Ilya Zavolunov as the buyer and Sonia Borra De Sanctis as the seller. The property was purchased at a price of $4,000,000. Zavolunov was represented by 's REP, while Borra De Sanctis was represented by 's REP. The property's FAR (Floor Area Ratio) is 0.32. Additionally, the property has a lot size of 19,320 square feet.

Players

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $647 per square foot on a published $4M for 6,182 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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