Soin Houzriadah Sells Retail Property At 23-56 Broadway Astoria For $5.55M
23-56 Broadway
$5,550,000
$1,139/SF
Building Size
4,870 SF
Asset Type
Retail
Closing
Nov 22, 2024
AI
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
Astoria 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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93