Rahul Nabe Acquires Retail Property In Laurelton, Queens For $3.4M
233-02 Merrick Blvd, Laurelton, Queens County, NY, USA
$3,400,000
$529/SF
Building Size
6,417 SF
Asset Type
Retail
Closing
Apr 22, 2021
About this deal
AI
Located at 233-02 Merrick Blvd. in Laurelton, Queens, this retail property was recently sold in a transaction that closed on April 23, 2021. The property spans a total of 6,417 square feet and boasts a sale price of $3,400,000, resulting in a price per square foot of $530. The property is characterized by its prominent location in the Laurelton market, making it a desirable asset for potential investors.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,400,000
- Square Footage: 6,417
- Price per Square Foot: $530
- Market: Laurelton, Queens
Rahul Nabe acted as the buyer in this transaction, while RJ Capital Holdings, represented by Michelle Abramov, served as the seller. The deal was facilitated by brokers Stephen R. Preuss and Kevin Schmitz from Cushman & Wakefield, operating under the TeamPreuss banner.
Players
Rosedale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93