Michael Zavoluno Acquires Retail Building In Rego Park, Queens For $4M
92-63 Queens Boulevard Queens, New York 11374, USA
$4,000,000
$137/SF
Building Size
29,120 SF
Asset Type
Retail
Closing
Jun 14, 2023
About this deal
AI
Michael Zavoluno has purchased a retail building located at 92-63 Queens Boulevard in Rego Park, Queens for $4 million. The property has a total area of 29,120 square feet and an additional 12,429 square feet of air rights, bringing the total buildable area to 41,510 square feet.
Summary of transaction details
- Property Type: Retail
- Sale Price: $4,000,000
- Address: 92-63 Queens Boulevard
- Market: Rego Park, Queens
The seller of the property is P.C. Richard & Son, represented by Cathyann Winter.
The retail sale at 92-63 Queens Boulevard Queens, New York 11374, USA in New York, New York sold for $4M in 2023. The building is 29,120 square feet, implying about 137 per square foot on the published price. This page is the New York, New York file for the 92-63 Queens Boulevard Queens, New York 11374, USA retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else sold near 92-63 Queens Boulevard Queens, New York 11374, USA around 2023. Published consideration for 92-63 Queens Boulevard Queens, New York 11374, USA is $4M, dated 2023. Cite this Michael Zavoluno Acquires Retail Building In Rego Park, Queens For $4M sale when underwriting similar retail product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93