Xinhua Gan Acquires Commercial Property In Downtown Flushing, Queens For $23M

The commercial property located at 142-38 Roosevelt Avenue & 142-26 Roosevelt Avenue in Downtown Flushing, Queens has been sold for a price of $23,000,000. The property is zoned as R6, C2-2 and has a total building square footage (BSF) of 39,779. The price per BSF is $578. The property spans across 12,862 square feet with a price per square foot (PPSF) of $1,788. The lot size is 9,350 square feet with dimensions of 52.75 ft x 179 ft. The sale took place on February 11, 2022.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $23,000,000
• Address: 142-38 Roosevelt Avenue & 142-26 Roosevelt Avenue, Downtown Flushing, Queens
• Zoning: R6, C2-2
• Building Square Footage: 39,779
• Price per BSF: $578
• Total Square Footage: 12,862
• Price per Square Foot: $1,788
• Lot Size: 9,350 square feet
• Lot Dimension: 52.75 ft x 179 ft

The buyer of the property is Xinhua Gan, and the seller is Kevin Yu.