United Jewish Appeal-Federation Of Jewish Philanthropies Of NY Acquires Vacant Retail Building In Queens For $4.7M
77-17 Queens Blvd, Flushing, NY 11373, USA
Building Size
95,720 SF
Asset Type
Retail
Closing
May 31, 2018
About this deal
AI
Located at 77-17 Queens Boulevard in Elmhurst, New York, a vacant single-story retail building with air rights has been sold. The property spans 9,572 square feet and was sold for a price of $4,700,000, which translates to a price per square foot of $491. The transaction took place in the Queens market.
Summary of transaction details
- Property Type: Vacant Single-Story Retail Building With Air Rights
- Transaction Amount: $4,700,000
- Square Footage: 9,572
- Price Per Square Foot: $491
- Date: 06/01/2018
- Seller: Hatzigeorgiou Family
- Buyer: @ujafedny - United Jewish Appeal-Federation of Jewish Philanthropies of NY
- Seller's Broker: Cushman & Wakefield - Stephen R. Preuss
- Buyer's Representative: Tom Donovan
The property was sold to @ujafedny - United Jewish Appeal-Federation of Jewish Philanthropies of NY. The sale was facilitated by Cushman & Wakefield, with Stephen R. Preuss representing the seller and Tom Donovan serving as the buyer's representative.
Players
Elmhurst 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93