Brent Iloulian Acquires Retail Property On Greenpoint Avenue In Sunnyside, Queens For $5.35M
SOLD
$5,350,000
New York
See Similar DealsRetail1,720 SF
Sold 05/21/2021
SOLD
Brent Iloulian Acquires Retail Property On Greenpoint Avenue In Sunnyside, Queens For $5.35M
32-11 Greenpoint Avenue, Sunnyside, Queens County, NY, USA
See Similar DealsRetail1,720 SF
Sold 05/21/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,110
Total Square Footage:1,720 SF
Transaction Type:Sale
An M1-1 zoned retail property located at 32-11 Greenpoint Avenue in Sunnyside, Queens, was recently sold for a total price of $5,350,000. The property has a total area of 1,720 square feet, resulting in a price per square foot of $3,110. The lot size is 2,500 square feet, with dimensions of 25 feet by 100 feet. The previous recorded sale for this property was on June 25, 2009, for a price of $600,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,350,000
- Price per Square Foot: $3,110
- Lot Size: 2,500 square feet
- Lot Dimensions: 25 ft x 100 ft
Brent Iloulian purchased the property from Joseph Lazo in this transaction. The deal was closed on 21st May 2021. The property's floor area ratio (FAR) is 0.68.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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