Thomas T Young, Kenneth Wang & Stewart J Chang Acquire Condo In Downtown Flushing, Queens For $14.5M
136-05 Sanford Avenue, Queens, New York 11355, United States
$14,500,000
Building Size
—
Asset Type
—
Closing
Nov 16, 2021
About this deal
AI
The property asset involved in this transaction is a condo located at 136-05 Sanford Avenue in Downtown Flushing, Queens. The condo is zoned as R6 and C1-2. The transaction took place on November 17, 2021, with the buyer being Thomas T Young, Kenneth Wang, and Stewart J Chang. The seller in this deal is Martin Tenenbaum. The sale price for this condo was $14,500,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $14,500,000
- Address: 136-05 Sanford Avenue, Downtown Flushing, Queens
- Zoning: R6, C1-2
This transaction involved the buyers, Thomas T Young, Kenneth Wang, and Stewart J Chang, as well as the seller, Martin Tenenbaum. They were represented in the deal by their respective agents.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93