Entrepreneur Properties Sells Retail Space In Astoria For $1.65M
44 Steinway Street, Queens, New York 11103, United States
$1,650,000
$333/SF
Building Size
4,950 SF
Asset Type
Retail
Closing
Apr 6, 2022
AI
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.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93