Show Chang Sells Retail Property In Jackson Heights, Queens For $5M
SOLD
$5,000,000
New York
See Similar DealsRetail35,760 SF
Sold 03/26/2021
SOLD
Show Chang Sells Retail Property In Jackson Heights, Queens For $5M
8206 Northern Boulevard, Jackson Heights, NY 11372, USA
See Similar DealsRetail35,760 SF
Sold 03/26/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$139
Total Square Footage:35,760 SF
Transaction Type:Sale
A retail property located at 8206-8226 Northern Blvd in Jackson Heights, Queens, was recently sold for $5,000,000. The property spans 35,760 square feet, resulting in a price per square foot of $139. The sale was finalized on March 26, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
Show Chang was the seller of the property. The transaction was facilitated by Nir Mor and Rubens Jordan of CPPRE, who represented both the buyer and the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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