RJ Capital Holdings Acquires Briarwood Retail Property From Martin Goodstein & Ira Gross For $16.25M
138-43 Queens Boulevard, Briarwood, NY, USA
$16,250,000
$805/SF
Building Size
20,163 SF
Asset Type
Retail
Closing
Jun 24, 2020
AI
A retail property located at 138-43 Queens Boulevard and 138-23 Queens Boulevard in Briarwood has been sold for a price of $16,250,000. The property has a building square footage of 90,300 and a price per building square footage of $179. The total lot size measures 42.64 feet by 133 feet, with a total square footage of 20,163 and a price per square foot of $805. The property is zoned as R6A and C1-4.
Summary of transaction details
- Property Type: Retail
- Date: 06/24/2021
- Market: Briarwood
- Address: 138-43 Queens Boulevard & 138-23 Queens Boulevard
- Seller: Martin Goodstein & Ira Gross
- Buyer: RJ Capital Holdings
- Asking Price: $17,000,000
- Sale Price: $16,250,000
- Broker: Michelle Abramov - Asset Commercial Realty Group
The sale was facilitated by Michelle Abramov from Asset Commercial Realty Group.
Players
Jamaica 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93