Zorislav Spivak Purchases Retail Property From Alex Adjmi For $11.4 Million In Forest Hills
100-07 Queens Boulevard
$11,400,000
$712/SF
Building Size
16,000 SF
Asset Type
Retail
Closing
Dec 20, 2024
AI
The property asset involved in this transaction is a retail space located at 100-07 Queens Boulevard in the Forest Hills market. The sale price for this asset was $11,400,000, with a total square footage of 16,000, resulting in a price per square foot of $712.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,400,000
- Sale Date: 12/20/2024
- Buyer: Zorislav Spivak
- Seller: Alex Adjmi - A & H Acquisitions
- Brokers: Yoel Rahmani & Itanel Rahmani - Venture Capital Properties
Yoel Rahmani and Itanel Rahmani represented the parties involved in the deal. For those interested in commercial property transactions in the 5 Boroughs, they encourage reaching out for potential buying or selling opportunities.
Players
Forest Hills 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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93