Lee Li Acquires Retail Property In Flushing, Queens For $7.3M
134-19 Northern Boulevard
$7,300,000
$478/SF
Building Size
15,260 SF
Asset Type
Retail
Closing
Jan 31, 2023
About this deal
AI
A retail property located at 134-19 Northern Boulevard in Flushing, Queens, has been sold for a total price of $7,300,000. The property spans a total of 15,260 square feet, resulting in a price per square foot of $478. The transaction took place on January 31, 2023.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $7,300,000
- Address: 134-19 Northern Boulevard, Flushing, Queens
- Market: Flushing, Queens
Lee Li was the buyer of the property, while Stuart Schneiderman served as the seller. The deal was facilitated by brokers Stephen R. Preuss Sr., Kevin Louie, Andreas Efthymiou, and Kevin Schmitz from Ripco.
Players
Flushing, Queens 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93