Xiang Yang Xia Acquires Retail Property In Elmhurst, Queens For $19M
86 Broadway, Queens, New York 11106, United States
$19,000,000
$780/SF
Building Size
24,332 SF
Asset Type
Retail
Closing
Dec 19, 2021
About this deal
AI
The retail property located at 86-18 Broadway in Elmhurst, Queens has been sold in a recent transaction. The property is zoned for R7A, R5, and C1-2, allowing for various uses. The sale took place on 12/20/2021, with Xiang Yang Xia as the buyer and Andrew Huang as the seller.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $19,000,000
- Address: 86-18 Broadway
- Market: Elmhurst, Queens
- Zoning: R7A, R5, C1-2
The property spans a total of 24,332 square feet and has a price per square foot of $780. The building has a total of 63,200 buildable square feet, resulting in a price per buildable square foot of $300. The lot size is 15,800 square feet, with dimensions of 135 feet by 203 feet.
The transaction has a floor area ratio (FAR) of 1.54 and falls under tax class 4. Permits for alteration were issued on 08/03/2017.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93