Leopoldo Garden Acquires Retail Property In North Corona, Queens For $8.2M
39-22 104th Street, Queens, New York 11414, United States
$8,245,000
$1,126/SF
Building Size
7,322 SF
Asset Type
Retail
Closing
Sep 11, 2022
About this deal
AI
A retail property located at 39-22 104th Street in North Corona, Queens has been sold for a total price of $8,245,000. The property spans across 7,322 square feet and was sold at a price per square foot of $1,126. The transaction took place on September 12, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,245,000
- Address: 39-22 104th Street, North Corona, Queens
- Market: North Corona, Queens
- Buyer: Leopoldo Garden
- Seller: Ralph Aiello
Leopoldo Garden has acquired the retail property from Ralph Aiello. The deal was finalized on September 12, 2022. The property is located at 39-22 104th Street in North Corona, Queens, which is part of the North Corona market.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93