Entrepreneur Properties Sells Retail Space In Astoria For $1.65M
SOLD
$1,650,000
New York
See Similar DealsRetail4,950 SF
Sold 04/07/2022
SOLD
Entrepreneur Properties Sells Retail Space In Astoria For $1.65M
44 Steinway Street, Queens, New York 11103, United States
See Similar DealsRetail4,950 SF
Sold 04/07/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$333
Total Square Footage:4,950 SF
Transaction Type:Sale
A retail property located at 28-42-44 Steinway Street in Astoria has been sold for a transaction amount of $1,650,000. The property spans 4,950 square feet and was sold at a price per square foot of $333.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,650,000
- Address: 28-42-44 Steinway Street
- Market: Astoria
- Broker: Ami Efrati - Entrepreneur Properties
- Square Footage: 4,950
- Price Per Square Foot: $333
The deal was facilitated by Ami Efrati from Entrepreneur Properties, representing the involved parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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