Friedman-Roth Realty Represents Buyer In $7M Retail Sale On Hillside Avenue, Queens Village
20602 Hillside Avenue, Queens Village, NY, 11427, USA
$7,000,000
$547/SF
Building Size
12,780 SF
Asset Type
Retail
Closing
Jul 20, 2021
About this deal
AI
Located in Queens Village, the retail property at 20602-20624 Hillside Avenue has been sold in a recent transaction. The property spans approximately 12,780 square feet and was sold for $7,000,000, resulting in a price per square foot of $547. The sale took place on July 20, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 20602-20624 Hillside Avenue
- Market: Queens Village
The seller, Flying Point, was represented by Sam Genet and Zach Sohn. The buyer's representative in the deal was Rich Guarino from Friedman-Roth Realty. The seller's representatives were Stephen R. Preuss SR and Kevin Schmitz.
Players
New York 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93