Paul Li Bai Qu Acquires Retail Property In Little Neck, Queens For $4.5M
252-01 Northern Boulevard, Queens, New York 11363, United States
$4,500,000
$771/SF
Building Size
5,833 SF
Asset Type
Retail
Closing
Sep 28, 2022
About this deal
AI
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.
Players
New York 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93