Joseph I Jemal Acquires Retail Property On Greenpoint Avenue In Sunnyside For $14.25M
46-27 Greenpoint Avenue
$14,250,000
$495/SF
Building Size
28,766 SF
Asset Type
Retail
Closing
Sep 13, 2021
About this deal
AI
Joseph I Jemal has acquired a retail property located at 46-27 Greenpoint Avenue in Sunnyside. The property is zoned as C4-4A, R6A, C1-4 and offers a total square footage of 28,766. The transaction took place on September 13, 2021, with a purchase price of $14,250,000. This equates to a price per square foot of $495.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,250,000
- Building Square Footage: 43,420
- Price per Building Square Foot: $328
- Price per Square Foot: $495
- Address: 46-27 Greenpoint Avenue, Sunnyside
- Market: Sunnyside
- Buyer: Joseph I Jemal
- Seller: Francine Israel
Joseph I Jemal acted as the buyer in this transaction, while Francine Israel represented the seller. The deal showcases the expertise and negotiation skills of these individuals in the real estate market.
On the Map
$14,250,000
$495/SF
Retail
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Players
Sunnyside 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