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
About this deal
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.
On the Map
$1,450,000
$852/SF
Retail
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Players
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