Brody Family Acquires Retail Property In Queens For $13.25M Via Douglas Elliman Commercial
139-29 Hillside Avenue
$13,250,000
$1,060/SF
Building Size
12,500 SF
Asset Type
Retail
Closing
Apr 27, 2023
About this deal
AI
A retail property located at 139-29 Hillside Avenue in Queens has been sold in a recent transaction. The property spans 12,500 square feet and was sold for a total of $13,250,000, resulting in a price per square foot of $1,060.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,250,000
- Address: 139-29 Hillside Avenue, Queens
- Market: Queens
- Buyer: Brody Family
- Broker: Michael Gronenthal & John Abbate - Douglas Elliman Commercial
- Square Footage: 12,500
- Price Per Square Foot: $1,060
The transaction was facilitated by brokers Michael Gronenthal and John Abbate from Douglas Elliman Commercial, who represented the buyer, Brody Family. They played a crucial role in negotiating the deal and ensuring a successful transaction for all parties involved.
On the Map
$13,250,000
$1,060/SF
Retail
View full map
Players
Queens Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit John Abbate to view all their deals.
Browse Queens retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93