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
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.
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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93