Emanuel Abayev Acquires Retail Property In Fresh Meadows, Queens For $960K
79-14 164th Street, Fresh Meadows, Queens County, NY, USA
$960,000
$600/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Mar 10, 2021
About this deal
AI
Located at 79-14 164th Street in Fresh Meadows, Queens, this retail property was recently sold in a closed transaction. The property spans 1,600 square feet and features an asset type of retail. The sale took place on March 11, 2021, with a sale price of $960,000. The price per square foot is $600, and the building has a base square footage of 4,000, resulting in a price per base square foot of $240.
Summary of transaction details
- Property Type: Retail
- Sale Price: $960,000
- Square Footage: 1,600
- Price Per Square Foot: $600
- Base Square Footage: 4,000
- Price Per Base Square Foot: $240
The buyer of the property was Emanuel Abayev, while the seller was Choi Ha Irrevocable Trust. The deal was facilitated by Marc Richter & Jacob Ashkenazie, representatives from Commerce Realty Group. They can be contacted at 718-751-5799. It is worth noting that Commerce Realty Group has active buyers who are interested in investment properties in Queens and Brooklyn.
Players
Fresh Meadows Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Jacob Ashkenazie to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93