Nourafshan Nouriyelian Acquires Retail Property In Jackson Heights For $4.3M
91-21 37th Avenue, Jackson Heights, NY, USA
$4,300,000
$717/SF
Building Size
5,992 SF
Asset Type
Retail
Closing
Aug 23, 2021
About this deal
AI
A retail property located at 91-21 37th Avenue in Jackson Heights has been sold for $4,300,000. The property spans 5,992 square feet and has a sale price per square foot of $717. The buyer, Nourafshan Nouriyelian, acquired the property from the seller, Fong Yen. The lot size is 6,375 square feet and the property has a floor area ratio (FAR) of 0.94. The property is zoned as R6B and C1-4, and its tax class is 4. A permit for alteration was issued on December 19, 2013.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Buyer: Nourafshan Nouriyelian
- Seller: Fong Yen
- Sale Price per Square Foot: $717
- Square Footage: 5,992
- Lot Size: 6,375 square feet
- Zoning: R6B, C1-4
- Floor Area Ratio (FAR): 0.94
- Tax Class: 4
- Permit: Alteration 2 (12/19/2013)
Nourafshan Nouriyelian represented themselves in the transaction, while Fong Yen was represented by their broker. Additional details about the deal's key individuals and companies are not available.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93