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120-07 15th Avenue

Samuel Franklin Acquires Queens Retail Property For $3.9M With Brokers David Chkheidze & Anna Corona - Yangzi International Realty
SOLDRetail

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

David Chkheidze

Yangzi International Realty

Broker

$3.9M

vol

1 deal

Broker

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