Bluestone Group Sells Retail Portion Of 90-02 Queens Boulevard In New York City
SOLD
$23,400,000
New York
See Similar DealsRetail80,000 SF
Sold 04/18/2023
SOLD
Bluestone Group Sells Retail Portion Of 90-02 Queens Boulevard In New York City
90-02 Queens Boulevard (Retail Portion)
See Similar DealsRetail80,000 SF
Sold 04/18/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$292
Total Square Footage:80,000 SF
Transaction Type:Sale
The retail portion of 90-02 Queens Boulevard in New York City has been sold for $23,400,000. This asset consists of 80,000 square feet and was sold at a price per square foot of $293.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,400,000
- Address: 90-02 Queens Boulevard (Retail Portion)
- Market: New York City
The sellers of this property were Bluestone Group. The deal was facilitated by Yosef Katz, Shlomo Antebi, and Erik Yankelovich from Atlas Realty Group.
It is worth noting that ARG is currently marketing the 144-unit FM residential portion of this property. For more details, interested parties can email [email protected].
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,248,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,135.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$110,927.94
Annual Debt Service$1,331,135.26
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