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
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