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149-08 41st Avenue, Murray ...

Updated Dec 19, 2023

Jialing Wang Acquires Retail Property In Murray Hill, Queens For $3.7M
SOLDRetail

Jialing Wang Acquires Retail Property In Murray Hill, Queens For $3.7M

149-08 41st Avenue, Murray Hill, Queens County, NY, USA

$3,745,000

$699/SF

Building Size

5,356 SF

Asset Type

Retail

Closing

Apr 20, 2021

About this deal

AI

The retail property located at 149-08 41st Avenue in Murray Hill, Queens has been sold for a price of $3,745,000. The property has a building square footage of 3,348 and a price per building square footage of $1,118. The total square footage of the property is 5,356, with a price per square foot of $699. The lot size is 2,657 and the lot dimensions are 25 ft x 107.15 ft. The property is zoned as R5, C1-2, and falls under tax class 4. The transaction took place on April 21, 2021. The previous owner, Gyoung Suk Song, sold the property to Jialing Wang.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,745,000
  • Market: Murray Hill, Queens

Gyoung Suk Song, the seller, completed the transaction with Jialing Wang as the buyer's representative.

Players

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $699 per square foot on a published $3.7M for 5,356 square feet (2021).

Browse New York retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.24%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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