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92-77 Queens Blvd Rego Park...

Matt Development Sells Mixed-Use Property In Rego Park, Queens For $23.65M With Broker Anudeep Gosal - Besen Partners
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Matt Development Sells Mixed-Use Property In Rego Park, Queens For $23.65M With Broker Anudeep Gosal - Besen Partners

92-77 Queens Blvd Rego Park, NY 11374, USA

$23,650,000

$1,182/SF

Building Size

20,000 SF

Asset Type

Retail

Closing

Jul 31, 2023

AI

Anudeep Gosal of Besen Partners brokered the sale of a mixed-use property in Rego Park, Queens. The property, located at 92-77 Queens Boulevard, consists of a hotel and retail space. The deal involved 50 keys, and the transaction was completed by Matt Development.

Summary of transation details

  • Property Type: Mixed-Use (Hotel + Retail)
  • Transaction Amount: $23,650,000
  • Square Footage: 64,556
  • Price Per Square Foot: $366
  • Address: 92-77 Queens Boulevard, Rego Park, Queens
  • Market: Rego Park, Queens

This deal was facilitated by Anudeep Gosal, who acted as the broker representing Besen Partners in the transaction. Anudeep Gosal played a crucial role in connecting the buyer and seller, ensuring a successful closing for this mixed-use property.

Players

Anudeep Gosal

Besen Partners

Broker

$197.8M

vol

17 deals

Broker
M Development
M DevelopmentSeller

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

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93