Lucitia Fortune Acquires Retail Building In St. Albans, Queens For $6.6M
205-01 Linden Boulevard
$6,600,000
$340/SF
Building Size
19,400 SF
Asset Type
Retail
Closing
Jun 12, 2023
About this deal
AI
Lucitia Fortune has acquired a retail building in St. Albans, Queens, for $6.6 million from Twilight Roller Skating Rink - Frank Williams. The property, located at 205-01 Linden Boulevard, offers 19,400 square feet of built space. It also has an additional 20,186 square feet of air rights, making the total buildable area 39,495 square feet. The sale price for the transaction was $6,575,000, with a price per square foot of $340.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,575,000
- Buyer: Lucitia Fortune
- Seller: Twilight Roller Skating Rink - Frank Williams
- Address: 205-01 Linden Boulevard, St. Albans, Queens
- Market: St. Albans, Queens
- Building Square Footage: 19,400
- Price per Square Foot: $340
The buyer in this transaction, Lucitia Fortune, successfully acquired the retail building located at 205-01 Linden Boulevard in St. Albans, Queens. The seller was Twilight Roller Skating Rink, represented by Frank Williams.
Players
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93