ABC Superstore Acquires Retail Property At 37-80 Junction Boulevard From Crown Acquisitions For $23.4M
37 80 Junction Boulevard
$23,400,000
$1,070/SF
Building Size
21,856 SF
Asset Type
Retail
Closing
Apr 24, 2025
AI
The retail asset located at 37-80 Junction Boulevard in Elmhurst has been sold for $23,400,000. This property spans 21,856 square feet, translating to a price per square foot of $1,070.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $23,400,000
- Buyer: ABC Superstore
- Seller: Crown Acquisitions
- Broker: Richard Z Mishaan - Rizm LLC
Richard Z Mishaan, representing both the buyer and seller, highlights Rizm LLC's specialization in retail assets and off-market opportunities across New York City. The firm invites potential clients to reach out for assistance in buying, selling, or structuring creative deals.
Players
Corona 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93