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Sherali Zhuraev Acquires Retail Property From Betsy Steinman In Astoria For $1.5M
SOLDRetail

Sherali Zhuraev Acquires Retail Property From Betsy Steinman In Astoria For $1.5M

Broadway

$1,450,000

$852/SF

Building Size

1,700 SF

Asset Type

Retail

Closing

Sep 5, 2024

AI

The property asset involved in this transaction is a retail space located at 46-01 Broadway in the Astoria market. It was sold for a transaction amount of $1,500,000, covering a total square footage of 1,700, which equates to a price per square foot of $882.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,500,000
  • Address: 46-01 Broadway
  • Market: Astoria
  • Square Footage: 1,700
  • Price per Square Foot: $882
  • Buyer: Sherali Zhuraev
  • Seller: Betsy Steinman
  • Brokers: Luca DiCiero, Devin Navarro - NY Space Finders & Aaron Zucker - EXP Realty

This transaction features key individuals such as buyer Sherali Zhuraev and seller Betsy Steinman. The brokers representing this deal include Luca DiCiero and Devin Navarro from NY Space Finders, along with Aaron Zucker from EXP Realty, highlighting a collaboration among multiple brokerage firms in facilitating this sale.

Players

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

151 deals

Broker

Astoria 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93