Rodney Whitley Acquires Gas Station In Glendale, Queens For $4.4M
90-01 Myrtle Avenue, Glendale, Queens County, NY, USA
$4,418,348
$1,963/SF
Building Size
2,250 SF
Asset Type
Retail
Closing
Oct 28, 2021
About this deal
AI
A gas station located at 90-01 Myrtle Avenue in Glendale, Queens has been sold for $4,418,348. The property has a building square footage of 16,375 and a price per building square footage of $270. The total lot size is 13,100 square feet, with dimensions of 101.58 ft x 125 ft. The property falls under the R5 and C2-3 zoning classifications and has a floor area ratio (FAR) of 0.17. The previous sale of the property took place on December 6, 2012, for a price of $1,162,436. The tax class for this property is Class 4.
Summary of transation details
- Property Type: Gas Station
- Transaction Amount: $4,418,348
- Market: Glendale, Queens
- BUYER: Rodney Whitley
- SELLER: James A Weil
- Price per Square Foot: $1,964
- Square Footage: 2,250 SF
Rodney Whitley represented the buyer in this transaction. The seller, James A Weil, was represented by their own broker.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit James A Weil 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
3.59%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93