Heston Loren Capital Partners Acquires Retail & Office Building In Jackson Heights For $8.35M
37 82nd St Jackson Heights, NY 11372, USA
$8,350,000
$957/SF
Building Size
8,724 SF
Asset Type
Retail
Closing
Jun 14, 2023
About this deal
AI
A retail and office building located at 37-70 82nd Street in Jackson Heights, Queens, was sold in a closed transaction. The property, totaling 8,724 square feet, was purchased for $8.3 million, resulting in a price per square foot of $957. The buyer of the property was Heston Loren Capital Partners, represented by Rob Daigrepont Jr. The seller of the property was Wharton Properties, and the deal was facilitated by Jeff Sutton.
Summary of transaction details
- Property Type: Retail & Office
- Transaction Amount: $8,350,000
- Address: 37-70 82nd Street, Jackson Heights, Queens
- Market: Jackson Heights, Queens
- Buyer: Heston Loren Capital Partners - Rob Daigrepont Jr
- Seller: Wharton Properties - Jeff Sutton
- Square Footage: 8,724
- Price per Square Foot: $957
In this transaction, Rob Daigrepont Jr. of Heston Loren Capital Partners, represented by Kasada, LLC, acquired the property from Jeff Sutton and Wharton Properties for $8.3 million.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff Sutton to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93