KP Developers Acquires Retail Property In Corona For $8.2M
40-16 National Street, Queens, New York 11368, United States
$8,200,000
$728/SF
Building Size
11,250 SF
Asset Type
Retail
Closing
Jun 2, 2022
About this deal
AI
The retail property located at 40-16 National Street in Corona has been sold for a price of $8,200,000. The property spans across 11,250 square feet with a price per square foot of $728. The transaction took place on June 3, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 40-16 National Street
- Market: Corona
- Square Footage: 11,250
- Price per Square Foot: $728
KP Developers purchased the property from Laurence S. Mandel. There are no additional details available regarding the individuals or companies involved in the transaction.
On the Map
$8,200,000
$728/SF
Retail
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Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93