Shashin S. Gandhi Acquires Retail Property In Hillcrest, Queens For $7.35M
82-65 Parsons Boulevard, Queens, New York 11432, United States
$7,350,000
$602/SF
Building Size
12,202 SF
Asset Type
Retail
Closing
Oct 9, 2022
About this deal
AI
The retail property located at 82-65 Parsons Boulevard in Hillcrest, Queens was recently sold. The transaction took place on October 10, 2022, with a sale price of $7,350,000. The property has a building square footage (BSF) of 42,400, resulting in a price per BSF of $173. The total square footage (SF) of the property is 12,202, giving it a price per square foot (PPSF) of $602.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,350,000
- Address: 82-65 Parsons Boulevard, Hillcrest, Queens
- Market: Hillcrest, Queens
The buyer of the property is Shashin S. Gandhi, while the seller is John Kapetanos. It is important to note that no additional information about the individuals or companies involved in the transaction was provided.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93