Spencer An's Bogopa Service Corp. And Food Bazaar Supermarket Acquires Retail Property In Jackson Heights For $21M
34-20 Junction Blvd, Flushing, NY 11372, USA
$21,000,000
$15/SF
Building Size
1,389,840 SF
Asset Type
Retail
Closing
Feb 5, 2020
About this deal
AI
The property at 34-20 Junction Boulevard in Jackson Heights has been sold in a closed transaction for $21,000,000. The retail asset is comprised of 138,984 square feet and is located in the market of Jackson Heights. The sale price per square foot is $151.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $21,000,000
- Address: 34-20 Junction Boulevard
- Market: Jackson Heights
- BSF: 138,984
- PPBSF: $151
The buyer in this transaction is Spencer An, representing Bogopa Service Corp. and Food Bazaar Supermarket. The seller is the LeFrak Organization.
Players
Jackson Heights 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93