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
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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