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Soin Houzriadah Sells Retail Property At 23-56 Broadway Astoria For $5.55M

Property Image
SOLD
$5,550,000

New York

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Retail4,870 SF
Sold 11/22/2024
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Property Image
SOLD

Soin Houzriadah Sells Retail Property At 23-56 Broadway Astoria For $5.55M

23-56 Broadway

See Similar Deals
Retail4,870 SF
Sold 11/22/2024
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,139
Total Square Footage:4,870 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 23-56 Broadway in Astoria, which has a sale price of $5,550,000. The property encompasses a square footage of 4,870 and has a price per square foot of $1,139.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,550,000
  • Address: 23-56 Broadway
  • Market: Astoria
  • Square Footage: 4,870
  • Price Per Square Foot: $1,139
  • Seller: Soin Houzriadah
  • Brokers: Luca DiCiero, Faisal Gilani & Damian Dakas - NY Space Finders
  • Transaction Type: Sale
  • Transaction Date: 11/22/2024
  • Note from Broker: All cash transaction was completed within 60 days of the executed contract.

The individuals involved in the transaction include the seller, Soin Houzriadah, and brokers Luca DiCiero, Faisal Gilani, and Damian Dakas, who represented the seller in this deal, showcasing their expertise in the market.

Players

Faisal Gilani
46 deals$27.4M volume(925) 285-3075
BROKER

Luca DiCiero
NY Space Finders
151 deals$124.3M volume(347) 242-0353
BROKER

Damian Dakas
NY Space Finders
8 deals$9.8M volume(516) 840-2002
BROKER

Details

SOLD
IMAGE: Faisal Gilani, Luca DiCiero & Damian Dakas DATE: 11/22/2024 ADDRESS: 23-56 Broadway MARKET: Astoria ASSET TYPE: Retail SELLER: Soin Houzriadah BROKERS: Luca DiCiero, Faisal Gilani (@FJG90) & Damian Dakas (@D_Dakas) - NY Space Finders (@NYSpaceFinders) SALE PRICE: $5,550,000 SF: 4,870 ~ PPSF: $1,139 NOTE FROM BROKER: All cash transaction was completed within 60 days of the executed contract.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
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