Kamin Realty Acquires Retail Property In Springfield Gardens For $9.8M
161-36 Baisley Boulevard, Queens, New York 11434, United States
$9,781,870
$703/SF
Building Size
13,901 SF
Asset Type
Retail
Closing
Mar 10, 2022
About this deal
AI
A retail property located at 161-36 Baisley Boulevard, 161-37 128th Avenue & 127-04 Baisley Boulevard in Springfield Gardens has been sold. The property spans a total of 13,901 square feet and was sold for a price of $9,781,870, resulting in a price per square foot of $703.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,781,870
- Address: 161-36 Baisley Boulevard, 161-37 128th Avenue & 127-04 Baisley Boulevard
- Market: Springfield Gardens
- Buyer: Kamin Realty
- Seller: Mark Development
- Square Footage: 13,901
- Price per Square Foot: $703
Kamin Realty has acquired the property from Mark Development in this transaction. The sale took place on 03/11/2022. Financial details regarding financing or any additional parties involved were not provided in the available information.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93