Catholic Charities Brooklyn & Queens Sells Retail Property In Astoria, Queens For $4.75M
SOLD
$4,750,000
New York
See Similar DealsRetail8,670 SF
Sold 08/04/2022
SOLD
Catholic Charities Brooklyn & Queens Sells Retail Property In Astoria, Queens For $4.75M
23-56 Broadway, Queens, New York 11106, United States
See Similar DealsRetail8,670 SF
Sold 08/04/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$547
Total Square Footage:8,670 SF
Transaction Type:Sale
The retail property located at 23-56 Broadway in Astoria, Queens was recently sold for a price of $4,750,000. The transaction took place on 08/04/2022. The property spans a total of 8,670 square feet, with a price per square foot of $547. The seller in this deal was Catholic Charities Brooklyn & Queens, represented by Emmie Glynn Ryan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,750,000
- Square Footage: 8,670
- Price Per Square Foot: $547
- Date: 08/04/2022
- Address: 23-56 Broadway, Astoria, Queens
- Seller: Catholic Charities Brooklyn & Queens (Represented by Emmie Glynn Ryan)
Emmie Glynn Ryan, from Catholic Charities Brooklyn & Queens, played a key role as the seller's representative in this retail property transaction. The deal was successfully concluded with a sale price of $4,750,000, allowing the buyer to acquire the property located at 23-56 Broadway in Astoria, Queens.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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