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National Grid Acquires Retail Property At 100-32 Metropolitan Avenue From Jay Kim For $4.95M

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SOLD
$4,950,000

New York

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Retail10,000 SF
Sold 04/15/2025
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Property Image
SOLD

National Grid Acquires Retail Property At 100-32 Metropolitan Avenue From Jay Kim For $4.95M

100 32 Metropolitan Avenue

See Similar Deals
Retail10,000 SF
Sold 04/15/2025
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$495
Total Square Footage:10,000 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 100-32 Metropolitan Avenue in the Forest Hills market. It was sold for a transaction amount of $4,950,000, encompassing a total area of 10,000 square feet, resulting in a price per square foot of $495.

Summary of transaction details:

This deal was facilitated by the real estate expertise of Solomon Davydov and Roman Davydov, who represented the parties involved. Their involvement highlights their role in successfully closing this transaction, contributing to the continued activity in the market.

Players

Solomon Davydov
10 deals$44.9M volume(917) 733-2034
BROKER

Roman Davydov
Exit Realty Group
1 deal$5M volume(917) 560-5920
BROKER

Details

SOLD
IMAGE: Solomon Davydov & Roman Davydov DATE: 04/15/2025 ADDRESS: 100-32 Metropolitan Avenue MARKET: Forest Hills ASSET TYPE: Retail BUYER: National Grid SELLER: Jay Kim BROKERS: Solomon Davydov (@Solomon_Exit) & Roman Davydov (@RomanExitRealty) - Exit Realty First Choice SALE PRICE: $4,950,000 SF: 10,000 ~ PPSF: $495 NOTE FROM BROKER: Another Deal Closed. Yours Could Be Next. If you're considering selling your property, let's talk about how we can turn your property into the next success story.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$264,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30