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
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.
Players
New York 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93