Jernail Singh Acquires Gas Station In Long Island City For $4.2M
53-26 Van Dam Street
$4,200,000
$500/SF
Building Size
8,391 SF
Asset Type
Retail
Closing
Jun 8, 2022
About this deal
AI
A gas station located at 53-26 Van Dam Street in Long Island City has been sold for $4,200,000. The property spans 8,391 square feet, resulting in a price per square foot of $500. The transaction took place on 06/08/2022.
Summary of transaction details
- Property Type: Gas Station
- Transaction Amount: $4,200,000
- Address: 53-26 Van Dam Street
- Market: Long Island City
- SF: 8,391
- PPSF: $500
The buyer of the gas station is Jernail Singh, while the seller is Stan Garelick.
The retail sale at 53-26 Van Dam Street in New York, New York sold for $4.2M in 2022. The building is 8,391 square feet, implying about 500 per square foot on the published price. This page is the New York, New York file for the 53-26 Van Dam Street retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else sold near 53-26 Van Dam Street around 2022. Published consideration for 53-26 Van Dam Street is $4.2M, dated 2022. Cite this Jernail Singh Acquires Gas Station In Long Island City For $4.2M sale when underwriting similar retail product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93