Samuel Franklin Acquires Queens Retail Property For $3.9M With Brokers David Chkheidze & Anna Corona - Yangzi International Realty
120-07 15th Avenue
$3,900,000
$569/SF
Building Size
6,853 SF
Asset Type
Retail
Closing
May 4, 2023
AI
A retail property located at 120-07 15th Avenue in Queens has been sold for $3,900,000. The property spans 6,853 square feet, resulting in a price per square foot of $569. The transaction took place on May 4, 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Square Footage: 6,853
- Price per Square Foot: $569
- Address: 120-07 15th Avenue, Queens
The buyer in this transaction is Samuel Franklin, while the seller is James Capone. The deal was facilitated by brokers David Chkheidze and Anna Corona from Yangzi International Realty.
Please note that no additional information is available at this time.
Players
Market 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93