Xue Mei Yi Acquires Other Residential Property In College Point, Queens For $5M From Seller Ruby Malva Norwood
22-12 119th Street, Queens, New York 11356, United States
$5,000,000
$714,285/SF
Building Size
7 SF
Asset Type
Co-Op
Closing
Sep 11, 2022
About this deal
AI
The property located at 22-12 119th Street in College Point, Queens, was recently sold in a closed transaction. The asset is classified as Other Residential and falls under the M1-1 zoning. The property spans a lot size of 22,500 square feet with dimensions measuring 100 feet by 268 feet.
Summary of Transaction Details
- Property Type: Other Residential
- Transaction Amount: $5,000,000
- Building Square Footage: 22,500
- Price per Building Square Foot: $222
- Land Square Footage: 7,875
- Price per Land Square Foot: $634
- FAR: 0.35
- Tax Class: 4
- Permits: Alteration 1 (01/21/2011)
The buyer of the property is Xue Mei Yi, and the seller is Ruby Malva Norwood. The transaction was completed on 11/09/2022. The property's market location was in College Point, Queens.
Players
College Point Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $714.3K per square foot on a published $5M for 7 square feet (2022).
Browse College Point co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93