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90-02 Queens Boulevard (Ret...

Bluestone Group Sells Retail Portion Of 90-02 Queens Boulevard In New York City
SOLDRetail

Bluestone Group Sells Retail Portion Of 90-02 Queens Boulevard In New York City

90-02 Queens Boulevard (Retail Portion)

$23,400,000

$292/SF

Building Size

80,000 SF

Asset Type

Retail

Closing

Apr 18, 2023

AI

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

135 deals

Broker
BG
Bluestone GroupSeller

Market 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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93