facebook
Traded Co logo
Submit
Daily limit: 0/10

Ankit Mehta Acquires Retail Building In Woodside, Queens For $6.5M

Property Image
SOLD
$6,500,000

New York

See Similar Deals
Retail7,750 SF
Sold 11/17/2023
the dealplayerscompscontact
Property Image
SOLD

Ankit Mehta Acquires Retail Building In Woodside, Queens For $6.5M

Retail7,750 SF
Sold 11/17/2023
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$838
Total Square Footage:7,750 SF
Transaction Type:Sale

Ankit Mehta, operating through Broadwood Realty LLC, completed the acquisition of a retail building located at 63-12 Broadway in Woodside, Queens. The property, known as K1, was purchased from the Estate of Fazlur Khan's entity, 30-44 32nd Street LLC, for a total sale price of $6.5 million. The building has a total square footage of 7,750, with a price per square foot of $839.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,500,000
  • Address: 63-12 Broadway, Woodside, Queens
  • Market: Woodside, Queens
  • Buyer: Ankit Mehta
  • Seller: Estate of Fazlur Khan
  • BSF: 13,852
  • PPBSF: $469

Ankit Mehta, operating through Broadwood Realty LLC, successfully acquired the retail building (K1) at 63-12 Broadway in Woodside, Queens. This acquisition was completed from the Estate of Fazlur Khan's entity, 30-44 32nd Street LLC, for a purchase price of $6.5 million.

Players

2 deals$6.5M volume
SELLER

Details

SOLD
IMAGE: 11/17/2023 ADDRESS: 63-12 Broadway MARKET: Woodside, Queens ASSET TYPE: Retail BUYER: Ankit Mehta SELLER: Estate of Fazlur Khan SALE PRICE: $6,500,000 BSF: 13,852 ~ PPBSF: $469 SF: 7,750 ~ PPSF: $839 NOTE: Ankit Mehta, operating through Broadwood Realty LLC, completed the acquisition of the retail building (K1) at 63-12 Broadway in Woodside, Queens, from the Estate of Fazlur Khan's entity, 30-44 32nd Street LLC, for $6.5 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79