Samuel Shamouilian Acquires Retail Property In Ozone Park, Queens For $4.1M
90-02 Atlantic Avenue, Queens, NY, USA
$4,125,000
$134/SF
Building Size
30,584 SF
Asset Type
Retail
Closing
Mar 15, 2021
About this deal
AI
A retail property located at 90-02 Atlantic Avenue in Ozone Park, Queens, was recently sold for $4,125,000. The transaction took place on March 16, 2021, and involved Samuel Shamouilian as the buyer and the Sloane Family Trust as the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,125,000
- Address: 90-02 Atlantic Avenue, Ozone Park, Queens
- Market: Ozone Park, Queens
The retail property spans an area of approximately 30,584 square feet, resulting in a price per square foot of $135. The deal was facilitated by Marc Richter and Jacob Ashkenazie from Commerce Realty Group, who acted as the brokers representing both the buyer and the seller.
It's worth noting that Commerce Realty Group has active buyers actively seeking investment properties in Queens and Brooklyn. If you are considering selling, you can contact them at 718-751-5799.
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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93