Peter Tal Purchases Retail Asset At 71-02 Kissena Boulevard In Flushing For $12.6M
71-02 Kissena Boulevard
$12,600,000
$669/SF
Building Size
18,826 SF
Asset Type
Retail
Closing
Jul 27, 2026
About this deal
AI
Peter Tal purchased an 18,826-square-foot retail asset located at 71-02 Kissena Boulevard in Flushing, Queens, from Sal Locastro for $12.6 million. The transaction closed at approximately $669 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,600,000
- Buyer: Peter Tal
- Seller: Sal Locastro
- Square Footage: 18,826
- Price Per Square Foot: $669
- Market: Flushing, Queens
The transaction highlights the involvement of Peter Tal as the buyer and Sal Locastro as the seller in this retail asset deal. The closed sale emphasizes the active commercial real estate market in Flushing, Queens.
On the Map
$12,600,000
$669/SF
Retail
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Players
Flushing 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93