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Samuel Shamouilian Acquires Retail Property In Ozone Park, Queens For $4.1M

Property Image
SOLD
$4,125,000

New York

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Retail30,584 SF
Sold 03/16/2021
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Property Image
SOLD

Samuel Shamouilian Acquires Retail Property In Ozone Park, Queens For $4.1M

90-02 Atlantic Avenue, Queens, NY, USA

See Similar Deals
Retail30,584 SF
Sold 03/16/2021
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$134
Total Square Footage:30,584 SF
Transaction Type:Sale

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

5 deals$8.9M volume
BROKER

Marc Richter
7 deals$12.8M volume(646) 342-8959
BROKER

SELLER

Details

SOLD
IMAGE: Samuel Shamouilian, Marc Richter & Jacob Ashkenazie DATE: 03/16/2021 ADDRESS: 90-02 Atlantic Avenue MARKET: Ozone Park, Queens ASSET TYPE: Retail BUYER: Samuel Shamouilian (@SamShamou) SELLER: Sloane Family Trust BROKERS: Marc Richter & Jacob Ashkenazie @CommerceRealtyGroup SALE PRICE: $4,125,000 SF: 30,584 ~ PPSF: $135 NOTE FROM @CommerceRealtyGroup: Another one! @CommerceRealtyGroup has active buyers looking for investment properties in Queens & Brooklyn! If you're thinking of selling, give us a call at 718-751-5799!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$220,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25