Sunlight Development Group Acquires Condo In Flushing For $10M
Booth Memorial Avenue, Queens, New York 11355, United States
$10,000,000
$237/SF
Building Size
42,045 SF
Asset Type
—
Closing
Mar 31, 2022
About this deal
AI
A condo located at 136-20 Booth Memorial Avenue in Flushing has been sold in a recent transaction. The property consists of 11 units with a total square footage of 42,045. The sale price for this transaction was $10,000,000, resulting in a price per unit of $909,090 and a price per square foot of $236.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,000,000
- Address: 136-20 Booth Memorial Avenue
- Market: Flushing
- Buyer: Sunlight Development Group
- Seller: Linlin Zhuo
- Units: 11
- Price Per Unit: $909,090
- Square Footage: 42,045
- Price Per Square Foot: $236
The buyer in this transaction was Sunlight Development Group, while the seller was Linlin Zhuo.
On the Map
$10,000,000
$237/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93