Updated Dec 4, 2024
Quality Services For The Autism Community Acquires Special Purpose Building In Little Neck, Queens For $6.5M
245-37 60th Avenue
$6,500,000
$528/SF
Building Size
12,300 SF
Asset Type
Special Purpose
Closing
Nov 30, 2023
About this deal
AI
The specialty building located at 245-37 60th Avenue in Little Neck, Queens has been sold for $6.5 million. This property is classified as a Special Purpose asset and has a total square footage of 12,300. The price per square foot for this transaction is $528.
Summary of transation details
- Property Type: Special Purpose
- Transaction Amount: $6,500,000
- Address: 245-37 60th Avenue, Little Neck, Queens
- Market: Little Neck, Queens
The buyer in this transaction is Lisa Veglia, representing Quality Services for the Autism Community operating through Qsac, Inc. The seller is Steven Stieglitz, representing Congregation Etz Hayim at Hollis Hills Bayside.
Note that Quality Services for the Autism Community acquired the specialty building from Congregation Etz Hayim at Hollis Hills Bayside for $6.5 million.
On the Map
$6,500,000
$528/SF
Special Purpose
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Players
Queens Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93