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138-43 Queens Blvd, Briarwo...

Rudolf Abramov Acquires Retail Property In Briarwood, Queens For $3.3M
SOLDRetail

Rudolf Abramov Acquires Retail Property In Briarwood, Queens For $3.3M

138-43 Queens Blvd, Briarwood, Queens County, NY, USA

$3,300,000

$1,077/SF

Building Size

3,062 SF

Asset Type

Retail

Closing

Jun 23, 2021

AI

A retail property located at 138-43 Queens Blvd in Briarwood, Queens has been sold for $3,300,000. The property spans a total square footage of 3,062 and has a price per square foot of $1,077. The buyer of the property is Rudolf Abramov, while the seller is Ira Gross. The asset type of the property is retail, and it is zoned as R6A and C1-4. The lot size is 5,670, with dimensions of 42.64 ft x 133 ft. The property's floor area ratio (FAR) is 0.54, and it falls under tax class 4. An alteration type 2 permit was issued for the property on 05/16/2014.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,300,000
  • Buyer: Rudolf Abramov
  • Seller: Ira Gross
  • Square Footage: 3,062
  • Price per Square Foot: $1,077
  • Lot Size: 5,670
  • Permits: Alteration type 2 (05/16/2014)
  • Lot Dimensions: 42.64 ft x 133 ft
  • Zoning: R6A, C1-4
  • Tax Class: 4
  • Floor Area Ratio (FAR): 0.54

This transaction represents the successful sale of the retail property at 138-43 Queens Blvd in Briarwood, Queens. Rudolf Abramov served as the buyer, while Ira Gross acted as the seller. The property offers a total square footage of 3,062, with a price per square foot of $1,077. The lot size encompasses 5,670 square feet, featuring dimensions of 42.64 ft x 133 ft. Zoned as R6A and C1-4, the property falls under tax class 4. An alteration type 2 permit was issued for the property on 05/16/2014.

Players

Rudolf Abramov

RJ Capital Holdings

Buyer

$26.4M

vol

5 deals

Buyer

Ira Gross

Seller

$19.6M

vol

2 deals

Seller

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93