GAP Generation Church Acquires Retail Property In Ozone Park, Queens For $2.4M
10609 Rockaway Boulevard, South Ozone Park, NY 11417, USA
$2,400,000
$255/SF
Building Size
9,394 SF
Asset Type
Retail
Closing
Oct 12, 2021
About this deal
AI
The retail property located at 106-09 Rockaway Blvd. in Ozone Park, Queens has been sold for $2,400,000. The transaction took place on October 12, 2021. The property spans across 9,394 square feet, resulting in a price per square foot of $255. The buyer of the property is GAP Generation Church, while the seller is Uddin Ali. The deal was facilitated by Thomas Bigansky from tonegateRealEstate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 106-09 Rockaway Blvd.
- Market: Ozone Park, Queens
- Buyer: GAP Generation Church
- Seller: Uddin Ali
- Broker: Thomas Bigansky from tonegateRealEstate
Thomas Bigansky, as the broker representing the seller and buyer, played a vital role in facilitating this transaction. It's worth noting that Thomas Bigansky is currently working with multiple sellers and buyers within the food industry in the Queens, Brooklyn, and Long Island market. If you are interested in buying or selling a restaurant or catering hall, you can contact Thomas Bigansky directly at 516-343-6964.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93