Abdel Hassen Acquires South Ozone Park Retail & Development Site For $7.2M
135-46 Lefferts Boulevard, Queens, New York 11420, United States
$7,200,000
$529/SF
Building Size
13,590 SF
Asset Type
Retail
Closing
Mar 9, 2022
About this deal
AI
The property involved in this transaction is a retail and development site located at 135-46 Lefferts Boulevard in the South Ozone Park market. The property spans 13,590 square feet and was sold for a price of $7,200,000, resulting in a price per square foot of $526.
Summary of transaction details:
- Property Type: Retail & Development Site
- Transaction Amount: $7,200,000
- Address: 135-46 Lefferts Boulevard
- Market: South Ozone Park
- Buyer: Abdel Hassen
- Seller: Barbara Arn
Abdel Hassen served as the buyer in this transaction, while Barbara Arn was the seller. The deal brought together these two individuals in the transfer of the property.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93