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37 80 Junction Boulevard

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

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

Richard Z Mishaan
Verified Badge

Richard Z Mishaan

Rizm LLC

Broker

$29.3M

vol

4 deals

Broker
Bijou Equities
Bijou EquitiesBrokerage
Crown Acquisitions
Crown AcquisitionsSeller

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