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92-36 Guy R Brewer Blvd, Ja...

Shalev Shoshani Acquires 4 Retail Stores In Queens For $1.6M
SOLDRetail

Shalev Shoshani Acquires 4 Retail Stores In Queens For $1.6M

92-36 Guy R Brewer Blvd, Jamaica, NY 11433, USA

Building Size

36,063 SF

Asset Type

Retail

Closing

Jan 11, 2018

AI

Located at 9236-9238 Guy R Brewer Blvd. in Jamaica, New York, this property consists of 4 existing retail stores. The total building area is 36,063 square feet, and the price for this transaction was $1,600,000, resulting in a price per square foot of $44.

Summary of transaction details

  • Property Type: Existing 4 retail stores
  • Transaction Amount: $1,600,000
  • Address: 9236-9238 Guy R Brewer Blvd., Jamaica, New York
  • Market: Queens

The seller, Choi Moo, sold this property to the buyer, Shalev Shoshani. The deal was facilitated by Rubin Isak and Ryan Kossoy of Eastern Consolidated.

Players

Rubin Isak
Verified Badge

Rubin Isak

Development Site Advisors

Broker

$231.8M

vol

23 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93