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34-39 31st St, Long Island ...

TBD Acquires Retail Property In Queens For $7.5M
SOLDRetail

TBD Acquires Retail Property In Queens For $7.5M

34-39 31st St, Long Island City, NY 11106, USA

Building Size

16,000 SF

Asset Type

Retail

Closing

Nov 4, 2017

AI

Located at 34-39 31st Street in Queens, New York, this retail property has recently been sold in a closed transaction. The property spans 16,000 square feet and was sold at a price of $7,500,000, resulting in a price per square foot of $468.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,500,000
  • Square Footage: 16,000
  • Price Per Square Foot: $468
  • Address: 34-39 31st Street, Queens, New York
  • Market: Queens

The seller of this property was Javse Realty Corp. The buyer has not been disclosed thus far. The deal was facilitated by Rosewood's Jack Zalta (@jzalta) and Jacob Setton (@jsett), who represent the respective parties in this transaction.

Players

Jacob Setton

Rosewood Realty Group

Broker

$42.2M

vol

4 deals

Broker
JC
Javse Realty CorpSeller

Astoria 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93