Xiao Jun Chen Acquires Retail Property In College Point, NY For $3.5M
122-03 14th Avenue, College Point, NY, USA
$3,463,806
$717/SF
Building Size
4,830 SF
Asset Type
Retail
Closing
Jun 8, 2021
About this deal
AI
Located at 122-03 14th Avenue in College Point, this retail property was recently sold for a transaction amount of $3,463,806. The property has a building square footage of 4,830 and a price per square foot of $717. The buyer, Xiao Jun Chen, acquired the property from the seller, Capital One.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,463,806
- Address: 122-03 14th Avenue
- Market: College Point
- Buyer: Xiao Jun Chen
- Seller: Capital One
The property has a floor area ratio (FAR) of 0.31 and falls under tax class 0.31. The lot size is 4, with dimensions of 210 ft x 100 ft. The property previously underwent an alteration type 2 permit on December 5, 2018.
On the Map
$3,463,806
$717/SF
Retail
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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
4.58%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93