Paul Li Bai Qu Acquires Retail Property In Little Neck, Queens For $4.5M
SOLD
$4,500,000
New York
See Similar DealsRetail5,833 SF
Sold 09/29/2022
SOLD
Paul Li Bai Qu Acquires Retail Property In Little Neck, Queens For $4.5M
252-01 Northern Boulevard, Queens, New York 11363, United States
See Similar DealsRetail5,833 SF
Sold 09/29/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$771
Total Square Footage:5,833 SF
Transaction Type:Sale
The retail property located at 252-01 Northern Boulevard in Little Neck, Queens has been sold for a price of $4,500,000. The transaction took place on September 29, 2022. The property spans across 5,833 square feet and the price per square foot is $771.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 252-01 Northern Boulevard
- Market: Little Neck, Queens
- Square Footage: 5,833
- Price Per Square Foot: $771
The buyer in this transaction is Paul Li Bai Qu, while the sellers are Maurizio Prainito and Lisa Prainito.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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