Friedman-Roth Realty Represents Buyer In $7M Retail Sale On Hillside Avenue, Queens Village
SOLD
$7,000,000
+ 2
New York
See Similar DealsRetail12,780 SF
Sold 07/20/2021
SOLD
Friedman-Roth Realty Represents Buyer In $7M Retail Sale On Hillside Avenue, Queens Village
20602 Hillside Avenue, Queens Village, NY, 11427, USA
See Similar DealsRetail12,780 SF
Sold 07/20/2021
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$547
Total Square Footage:12,780 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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