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.
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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