Wiczyk Family Acquires Retail Property On Northern Boulevard In Jackson Heights For $3.4M
76-29 Northern Boulevard, Queens, New York 11372, United States
$3,400,000
$1,379/SF
Building Size
2,464 SF
Asset Type
Retail
Closing
Jul 19, 2022
About this deal
AI
The property involved in this transaction is a retail space located at 76-29 Northern Boulevard in Jackson Heights. The property spans 2,464 square feet and was sold for a price of $3,400,000, resulting in a price per square foot of $1,379.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Address: 76-29 Northern Boulevard
- Market: Jackson Heights
- Square Footage: 2,464
- Buyer: Wiczyk Family
- Seller: Walter B. Koppel
The buyer in this transaction is represented by Wiczyk Family, while the seller is Walter B. Koppel.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93