Show Chang Sells Retail Property In Jackson Heights, Queens For $5M
8206 Northern Boulevard, Jackson Heights, NY 11372, USA
$5,000,000
$139/SF
Building Size
35,760 SF
Asset Type
Retail
Closing
Mar 25, 2021
AI
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.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93