Steven Sasson Acquires Retail Building In Jackson Heights From Crown Acquisitions For $23.4M
38 02 Junction Boulevard
$23,400,000
$1,070/SF
Building Size
21,856 SF
Asset Type
Retail
Closing
Apr 25, 2025
About this deal
AI
The retail property located at 38-02 Junction Boulevard in Jackson Heights, Queens was sold for $23,400,000. The building encompasses an area of 21,856 square feet, translating to a price per square foot of $1,071.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,400,000
- Square Footage: 21,856
- Price Per Square Foot: $1,071
- Buyer: Steven Sasson
- Seller: Richard Chera, Haim Chera & Isaac Chera - Crown Acquisitions
- Date of Transaction: 04/25/2025
- Market: Jackson Heights, Queens
Steven Sasson, the buyer of the property, is the owner of ABC Superstore and acquired the retail building through 3780 Junction Owner LLC from Crown Acquisitions, represented by Richard Chera, Haim Chera, and Isaac Chera.
Players
Corona Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Corona retail sales on Traded.
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