Soin Houzriadah Sells Retail Property At 23-56 Broadway Astoria For $5.55M
SOLD
New York
See Similar DealsRetail4,870 SF
Sold 11/22/2024
SOLD
Soin Houzriadah Sells Retail Property At 23-56 Broadway Astoria For $5.55M
23-56 Broadway
See Similar DealsRetail4,870 SF
Sold 11/22/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$295,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,309.83
Annual Debt Service$315,717.98
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