Sanjay Ahuja Acquires Retail Property In Forest Hills, Queens For $3.2M
7166 Austin Street, Forest Hills, NY 11375, USA
$3,200,000
$1,066/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
May 4, 2021
AI
A retail property located at 7164-7166 Austin St. in Forest Hills, Queens has been sold for $3,200,000. The property spans 3,000 square feet, resulting in a price per square foot of $1,066. The transaction took place on May 5, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 7164-7166 Austin St., Forest Hills, Queens
- Market: Forest Hills, Queens
The buyer of the property is Sanjay Ahuja. The seller is Lewis Stockman. Cushman & Wakefield's representatives Stephen R. Preuss & Rani Bendary, also known as TeamPreuss, represented the seller in the deal.
Players
Forest Hills 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93