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.
On the Map
$21,000,000
$15/SF
Retail
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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