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
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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