Spencer An's Bogopa Service Corp. And Food Bazaar Supermarket Acquires Retail Property In Jackson Heights For $21M
SOLD
$21,000,000
New York
See Similar DealsRetail1,389,840 SF
Sold 02/06/2020
SOLD
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
See Similar DealsRetail1,389,840 SF
Sold 02/06/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$15
Total Square Footage:1,389,840 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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