Fred Khalili Acquires Retail Property In Middle Village For $1.4M With Broker Representation From Cushman & Wakefield
74-03 Metropolitan Avenue,
$1,426,000
$540/SF
Building Size
2,640 SF
Asset Type
Retail
Closing
Oct 18, 2022
About this deal
AI
A retail property located at 74-03 Metropolitan Avenue in Middle Village has been sold in a recent transaction. The property, spanning 2,640 square feet, was purchased for a total price of $1,426,000, resulting in a price per square foot of $540. The transaction took place on 10/18/2022. The property was sold by JPMorgan Chase & Co.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,426,000
- Address: 74-03 Metropolitan Avenue
- Market: Middle Village
The buyer of the property was Fred Khalili. The sale was facilitated by the broker representatives Daniel O'Brien, Dylan Walsh, and Will Diana from Cushman & Wakefield. Their expertise in the market contributed to the successful completion of the transaction.
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
11.12%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93