James Jian Cui Acquires Commercial Property In Corona, Queens For $4.6M

The commercial property located at 111-01 Roosevelt Avenue & 111-03 Roosevelt Avenue in Corona, Queens has been sold in a transaction that closed on April 14, 2022. The property is zoned as R6B and C2-4, allowing for various commercial uses. The lot size is 1,680 square feet, with dimensions of 21 ft x 80 ft. The property received an alteration permit on February 27, 2018.

Summary of transation details

• Property Type: Commercial
• Transaction Amount: $4,600,000
• Square Footage: 5,462
• Price per Square Foot: $842
• Building Square Footage: 6,240
• Price per Building Square Foot: $737
• Market: Corona, Queens
• Tax Class: 4
• FAR: 2.00
• Buyer: James Jian Cui
• Seller: Ruben Molina & Carmen Molina

James Jian Cui has acquired the property from Ruben Molina and Carmen Molina. The transaction was completed for a total price of $4,600,000. The property has a zoning that allows for commercial use, providing potential for various business opportunities. The purchase price reflects a price per square foot of $842 for the total square footage of 5,462. The building on the property has a square footage of 6,240, resulting in a price per building square foot of $737. The transaction took place in the Corona market of Queens.