Armand Baklajian Purchases Retail Property From Gioacchino DiGrigoli For $3.75M In Middle Village
74-07 Metropolitan Avenue
$3,750,000
$643/SF
Building Size
5,830 SF
Asset Type
Retail
Closing
Aug 6, 2026
About this deal
AI
Armand Baklajian acquired a retail property located at 74-07 Metropolitan Avenue in Middle Village, Queens. The asset covers a total area of 5,830 square feet and was sold for $3,750,000, closing at a price per square foot of $643.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,750,000
- Address: 74-07 Metropolitan Avenue
- Market: Middle Village, Queens
- Square Footage: 5,830
- Price Per Square Foot: $643
- Buyer: Armand Baklajian
- Seller: Gioacchino DiGrigoli
The transaction features Armand Baklajian as the buyer and Gioacchino DiGrigoli as the seller, completing this retail property deal in Middle Village. The closing date for the transaction was on August 6, 2026.
Players
Middle Village 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93