Updated Oct 29, 2024
Yuk Ming Yip Acquires FMR Assi Plaza Dev Site In Flushing, Queens For $115M
131-01 39th Ave, Flushing, NY 11354, USA
Building Size
105,890 SF
Asset Type
Development Site
Closing
Oct 31, 2017
About this deal
AI
The FMR Assi Plaza, a development site located at 131-01 39th Avenue in Flushing, Queens, New York, has been sold in a closed transaction. The property was sold for a price of $115,000,000. The site comprises of 105,890 square feet, resulting in a price per square foot of $1,086.
Summary of transation details
- Property Type: Dev Site
- Transaction Amount: $115,000,000
- Address: 131-01 39th Avenue, Flushing, Queens, New York
- Market: Flushing, Queens
The seller of FMR Assi Plaza is Triple East Construction, while the buyer is Yuk Ming Yip.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93