Modell Family Sells Main Street Retail Property In Flushing For $67M
39-12 Main Street, Leicester, NY 14481, USA
$67,000,000
$2,481/SF
Building Size
27,000 SF
Asset Type
Retail
Closing
Oct 20, 2021
AI
The retail property located at 39-12 & 39-18 Main Street in Flushing has been sold for a price of $67,000,000. The property spans 27,000 square feet, resulting in a price per square foot of $2,481. The sale was completed on 10/20/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $67,000,000
- Address: 39-12 & 39-18 Main Street
- Market: Flushing
The seller of the property was The Modell Family. The transaction was facilitated by broker Charles Chang from Highcap Group.
Players
Leicester Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93