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David Murdakhayev Purchases Retail Building From Montperia Group For $3.5M In Queens
SOLD
$3,500,000
New York
See Similar DealsRetail4,400 SF
Sold
SOLD
David Murdakhayev Purchases Retail Building From Montperia Group For $3.5M In Queens
180-32 Union Turnpike
See Similar DealsRetail4,400 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$795
Total Square Footage:4400 SF
Transaction Type:Sale
A retail building located at 180-32 Union Turnpike in Jamaica Estates, Queens, has been sold for $3,500,000. The asset spans 4,400 square feet, resulting in a price per square foot of $795. The buyer, 180 Ut LLC, anticipates a cash-flowing use for the property.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Building Size: 4,400 SF
- Price per Built Square Foot: $795
- Buyer: David Murdakhayev
- Seller: Alex Lau - Montperia Group
- Market: Jamaica Estates, Queens
- Building Size in BSF: 4,480
- Price per BSF: $781
David Murdakhayev represented 180 Ut LLC in the transaction, acquiring the property from Alex Lau, who is affiliated with Montperia Group, marking a notable change in ownership within the retail segment of the Jamaica Estates market.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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