Chang Family Acquires Retail Property In Woodside, Queens For $5.7M
6318 Roosevelt Ave, Woodside, NY 11377, USA
$5,700,000
$90/SF
Building Size
63,050 SF
Asset Type
Retail
Closing
Nov 19, 2019
About this deal
AI
A retail property located at 6318 Roosevelt Ave in Woodside, Queens, was recently sold in a closed transaction. The property spans 6,305 square feet and was sold for a price of $5,700,000, resulting in a price per square foot of $904. The property consists of 5 units. The seller of the property was Robert Lincks, while the buyer was the Chang Family. The deal was facilitated by C Park from Silber Properties.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $5,700,000
- Square Footage: 6,305
- Price Per Square Foot: $904
- Units: 5
The transaction involved the Chang Family as the buyer and Robert Lincks as the seller. The deal was facilitated by C Park from Silber Properties.
Players
New York 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93