Catholic Charities Brooklyn & Queens Sells Retail Property In Astoria, Queens For $4.75M
23-56 Broadway, Queens, New York 11106, United States
$4,750,000
$547/SF
Building Size
8,670 SF
Asset Type
Retail
Closing
Aug 3, 2022
About this deal
AI
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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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93