Hang Dong Zhang Acquires Retail Property On Queens Boulevard In New York City For $9.55M
78-01 Queens Blvd Queens, NY 11373, USA
$9,550,000
$2,609/SF
Building Size
3,660 SF
Asset Type
Retail
Closing
Jul 14, 2023
About this deal
AI
A retail property located at 78-01 Queens Boulevard in New York City has been sold for $9,550,000. The property spans approximately 3,660 square feet and was sold at a price per square foot of $2,609.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,550,000
- Address: 78-01 Queens Boulevard
- Market: New York City
- Buyer: Hang Dong Zhang
- Seller: Daniel Licht
- Brokers: Thomas Donovan, Tommy Lin, and Andy Chen - B6 Real Estate Advisors
The buyer, Hang Dong Zhang, acquired the retail property located at 78-01 Queens Boulevard from seller Daniel Licht. The deal was facilitated by the brokers, Thomas Donovan, Tommy Lin, and Andy Chen, representing B6 Real Estate Advisors.
On the Map
$9,550,000
$2,609/SF
Retail
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Players
Queens 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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93