Joseph Simone Of Simone Development Companies Acquires Retail Property In Flushing For $3.5M
36-11 194th Street
$3,500,000
$436/SF
Building Size
8,025 SF
Asset Type
Retail
Closing
May 27, 2026
About this deal
AI
A retail property located at 36-11 194th Street in Flushing, New York, has been sold. The asset measures 8,025 square feet and has a sale price of $3,500,000, which results in a price per square foot of $436.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 36-11 194th Street
- Market: Flushing, NY
- Square Footage: 8,025
- Price Per Square Foot: $436
- Buyer: Joseph Simone - Simone Development Companies
- Seller: Thomas Santucci
Joseph Simone represents Simone Development Companies in this acquisition, while Thomas Santucci is the seller in the transaction.
On the Map
$3,500,000
$436/SF
Retail
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Flushing 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93