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36-11 194th Street

Joseph Simone Of Simone Development Companies Acquires Retail Property In Flushing For $3.5M
SOLDRetail

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

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.

Players

Joseph Simone

Simone Development Companies

Buyer

$243M

vol

12 deals

Buyer

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