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91-21 37th Avenue, Jackson ...

Updated Dec 21, 2023

Nourafshan Nouriyelian Acquires Retail Property In Jackson Heights For $4.3M
SOLDRetail

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

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $717 per square foot on a published $4.3M for 5,992 square feet (2021).

Browse New York retail sales on Traded.

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

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