Juhyung Kang Acquires Retail Property In Astoria From Jeff Sutton
SOLD
$4,150,000
New York
See Similar DealsRetail4,500 SF
Sold 09/26/2019
SOLD
Juhyung Kang Acquires Retail Property In Astoria From Jeff Sutton
31-74 Steinway St, Long Island City, NY 11103, USA
See Similar DealsRetail4,500 SF
Sold 09/26/2019
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$922
Total Square Footage:4,500 SF
Transaction Type:Sale
The property asset involved is a retail space located at 31-73 Steinway Street in the Astoria market. The asking price was set at $4,500,000, while the sale price concluded at $4,150,000. The property encompasses a total area of 4,500 square feet, resulting in a price per square foot of $922.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,150,000
- Seller: Jeff Sutton
- Buyer: Juhyung Kang
- Broker Representatives: Yisroel Pershin, Eli Shilian
Notable individuals in the transaction include Jeff Sutton, who served as the seller, and Juhyung Kang, representing the buyer. The deal was brokered by Yisroel Pershin and Eli Shilian, who facilitated the transaction involving the retail property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41
Is there something missing? Send suggestions