Updated Dec 18, 2023
Feng Jin Wang Acquires Flushing Development Site For $6.5M
132-15 Pople Avenue, Queens, New York 11355, United States
$6,500,000
$1,113/SF
Building Size
5,836 SF
Asset Type
Development Site
Closing
Aug 9, 2022
About this deal
AI
Located in Flushing, the development site at 132-15, 132-17 to 132-19 Pople Avenue has recently been sold. The transaction took place on 08/10/2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $6,500,000
- Building Square Footage: 5,836
- Price Per Building Square Foot: $1,113
- Market: Flushing
The buyer of the property is Feng Jin Wang, while the sellers are Cheong Kwok Ho & Mee Mee Ho.
Please note that no additional information was provided regarding this transaction.
The development site sale at 132-15 Pople Avenue, Queens, New York 11355, United States in New York, New York sold for $6.5M in 2022. The building is 5,836 square feet, implying about 1.1K per square foot on the published price. This page is the New York, New York file for the 132-15 Pople Avenue, Queens, New York 11355, United States development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 132-15 Pople Avenue, Queens, New York 11355, United States around 2022. Published consideration for 132-15 Pople Avenue, Queens, New York 11355, United States is $6.5M, dated 2022. Cite this Feng Jin Wang Acquires Flushing Development Site For $6.5M sale when underwriting similar development site product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93