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Joseph Simone Of Simone Development Companies Acquires Retail Property In Flushing For $3.5M
SOLD
$3,500,000
New York
See Similar DealsRetail8,025 SF
Sold 05/27/2026
SOLD
Joseph Simone Of Simone Development Companies Acquires Retail Property In Flushing For $3.5M
36-11 194th Street
See Similar DealsRetail8,025 SF
Sold 05/27/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$436
Total Square Footage:8,025 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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