Neel Dvidevi Acquires Retail Building At 135-11 Hillside Avenue In Kew Gardens
135-11 Hillside Avenue
$5,000,000
$713/SF
Building Size
7,011 SF
Asset Type
Retail
Closing
Jan 17, 2024
About this deal
AI
The retail building (K1) located at 135-11 Hillside Avenue in Kew Gardens, Queens was sold for $5,050,000. The property spans 7,011 square feet, resulting in a price per square foot of $720. The building's price per buildable square foot is $173, and the total square footage is 29,157. The buyer, Neel Dvidevi, represented by 135-11 Hillside LLC, acquired the property from the seller, Craig R. Strauss, through Ckr Realty Holding Co. LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,050,000
- Address: 135-11 Hillside Avenue
- Market: Kew Gardens, Queens
- Buyer: Neel Dvidevi
- Seller: Craig R. Strauss
Neel Dvidevi was the buyer of the retail building, while Craig R. Strauss was the seller in this transaction. The deal was completed on January 17, 2024. Neel Dvidevi was represented by 135-11 Hillside LLC, while Craig R. Strauss conducted the sale through Ckr Realty Holding Co. LLC.
On the Map
$5,000,000
$713/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93