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ABC Superstore Acquires Retail Property At 37-80 Junction Boulevard From Crown Acquisitions For $23.4M

Property Image
SOLD
$23,400,000

New York

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Retail21,856 SF
Sold 04/24/2025
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Property Image
SOLD

ABC Superstore Acquires Retail Property At 37-80 Junction Boulevard From Crown Acquisitions For $23.4M

37 80 Junction Boulevard

See Similar Deals
Retail21,856 SF
Sold 04/24/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,070
Total Square Footage:21,856 SF
Transaction Type:Sale

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

Richard Z Mishaan
Richard Z Mishaan
4 deals$29.3M volume(917) 364-9680
BROKER
Richard Z Mishaan
Richard Z Mishaan
4 deals$29.3M volume(917) 364-9680
BROKER
Bijou Equities
Bijou Equities
BROKERAGE
Crown Acquisitions
Crown Acquisitions
SELLER

Details

SOLD
IMAGE: Richard Z Mishaan DATE: 4/25/2025 ADDRESS: 37-80 Junction Boulevard MARKET: Elmhurst ASSET TYPE: Retail BUYER: ABC Superstore SELLER: Crown Acquisitions BROKER: Richard Z Mishaan (@RichieMishaan) - Rizm LLC SALE PRICE: $23,400,000 SF: 21,856 ~ PPSF: $1,070 NOTE FROM BROKER: Rizm LLC is proud to announce the successful closing of this transaction, where we represented both sides. We specialize in retail and self-storage assets across New York City, with a focus on off-market opportunities. If you’re looking to buy, sell, or structure something creative, don’t hesitate to reach out — we’d love to work with you. — Richard Z. Mishaan [email protected] | 917-364-9680

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,248,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,135.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$110,927.94
Annual Debt Service$1,331,135.26