Updated Oct 29, 2024
Xin Xiang Lin Acquires Dev Site In Flushing From Church Of Jesus Christ Of Latter-day Saints For $27M
144-27 Sanford Ave, Flushing, NY 11355, USA & 144-27 Sanford Ave, Flushing, NY 11355, USA
Building Size
84,000 SF
Asset Type
Development Site
Closing
May 3, 2018
About this deal
AI
The Church of Jesus Christ of Latter-day Saints has sold a development site located at 144-27 Sanford Avenue in Flushing, New York. The property was purchased by Xin Xiang Lin for a total price of $27,000,000. The site spans an area of 84,000 square feet and has a price per buildable square foot (PPBSF) of $321.
Summary of transation details
- Property Type: Dev Site
- Transaction Amount: $27,000,000
- Address: 144-27 Sanford Avenue, New York
- Market: Flushing
- Building Square Footage: 84,000 sf
- Price per Buildable Square Foot: $321
The Church of Jesus Christ of Latter-day Saints represented the seller in this transaction. Xin Xiang Lin acted as the buyer.
On the Map
Development Site
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New York Development Site Market Snapshot
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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