Sugar Hill Cap Partners Acquires Shirokia Tower In Flushing Queens For $25M

The Shirokia Tower, a mixed-use property located at 142-28 38th Ave in New York's Flushing Queens market, was recently sold in a closed transaction. The transaction closed on September 17, 2017, with a purchase price of $25,000,000. The property spans a total of 53,255 square feet, resulting in a price per square foot of $469.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $25,000,000
• Property Address: 142-28 38th Ave, New York
• Market: Flushing Queens

The seller of Shirokia Tower was Xi Liang Liu, while the buyer was Sugar Hill Cap Partners. The transaction was facilitated by Greg Corbin, representing the buyer in the deal.