David Murdakhayev Acquires Retail Property In Fresh Meadows For $5M
185-23 Union Turnpike
$5,000,000
$598/SF
Building Size
8,352 SF
Asset Type
Retail
Closing
Jan 8, 2022
About this deal
AI
The retail property located at 185-23 Union Turnpike in Fresh Meadows has been sold for a price of $5,000,000. The property spans a total of 8,352 square feet, resulting in a price per square foot of $598.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $5,000,000
- Square Footage: 8,352
- Price per Square Foot: $598
- Address: 185-23 Union Turnpike
- Market: Fresh Meadows
The buyer of the property is David Murdakhayev, while the seller is Norman N. Fink.
The retail sale at 185-23 Union Turnpike in Fresh Meadows, New York sold for $5M in 2022. The building is 8,352 square feet, implying about 598 per square foot on the published price. This page is the Fresh Meadows, New York file for the 185-23 Union Turnpike retail sold: pricing, party profiles, and other closed retail comps from the same Fresh Meadows sit in the Market section below. Filter that Fresh Meadows retail set by closing date to see what else sold near 185-23 Union Turnpike around 2022. Published consideration for 185-23 Union Turnpike is $5M, dated 2022. Cite this David Murdakhayev Acquires Retail Property In Fresh Meadows For $5M sale when underwriting similar retail product around Fresh Meadows, New York.
Players
Fresh Meadows Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93