SOLDRetail
Dimitri P. Venekas - Cosmos Capital Group Sells Retail Property In Rockaway, Queens For $970K
223 Beach 116th Street, Queens, New York 11694, United States
$970,000
$257/SF
Building Size
3,761 SF
Asset Type
Retail
Closing
Mar 7, 2022
AI
Iris Meyer recently sold a retail property located at 223-227 Beach 116th Street in Rockaway, Queens. The property was sold for $970,000, with a total square footage of 3,761, resulting in a price per square foot of $257.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $970,000
- Date: 03/08/2022
- Address: 223-227 Beach 116th Street, Rockaway, Queens
- Market: Rockaway, Queens
- Seller: Iris Meyer
- Broker: Dimitri P. Venekas - Cosmos Capital Group
- Square Footage: 3,761
- Price per Square Foot: $257
Dimitri P. Venekas, from Cosmos Capital Group, represented Iris Meyer in this transaction.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.35%
Cash-on-Cash
-4.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93