KP Developers Acquires Retail Property In Corona For $8.2M
SOLD
$8,200,000
New York
See Similar DealsRetail11,250 SF
Sold 06/03/2022
SOLD
KP Developers Acquires Retail Property In Corona For $8.2M
40-16 National Street, Queens, New York 11368, United States
See Similar DealsRetail11,250 SF
Sold 06/03/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$728
Total Square Footage:11,250 SF
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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