Betsy Mak Acquires Retail Property In Bayside, Queens For $14.28M
39-20 Bell Boulevard, Bayside, Queens County, NY, USA
$14,280,000
$717/SF
Building Size
19,900 SF
Asset Type
Retail
Closing
May 20, 2020
About this deal
AI
Located at 39-20 Bell Boulevard in Bayside, Queens, this retail property featuring 5 units was recently sold in a closed transaction. The sale took place on May 20, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,280,000
- Address: 39-20 Bell Boulevard, Bayside, Queens
- Market: Bayside, Queens
- Number of Units: 5
The buyer of this property was Betsy Mak, while Sidney Schwartzberg acted as the seller. The deal was facilitated by brokers Joe Koicim from New York Multifamily, Scott Plasky from Plasky Retail Group, and Billy Stephan from Marcus Millichap NY.
The property spans a total of 19,900 square feet, making the price per square foot $717.
Players
New York 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93