Flushing Lot 7, LLC Acquires One-Story Retail In Bayside, Queens For $13M
42-31 Bell Blvd, Flushing, NY 11361, USA
$13,000,000
$1,288/SF
Building Size
10,092 SF
Asset Type
Retail
Closing
Dec 13, 2017
About this deal
AI
The one-story retail property located at 42-31 Bell Boulevard (214-01 43rd Avenue) in Bayside, New York has been sold for $13,000,000. The property spans 10,092 square feet and was sold at a price of $1,338 per square foot. The capitalization rate for this transaction is 4.88%.
Summary of transaction details
- Property Type: One-Story Retail
- Transaction Amount: $13,000,000
- Square Footage: 10,092 sf
- Price Per Square Foot: $1,338/SF
- Capitalization Rate: 4.88%
Gem Associates, A Lim, the seller of the property, completed the transaction with the buyer, Flushing Lot 7, LLC. The deal was facilitated by Stephen R. Preuss and James A. Nelson of Cushman & Wakefield, who represented the parties involved.
Players
Bayside Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit James Nelson to view all their deals.
Browse Bayside retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93