Updated Dec 19, 2023
Hengxing LLC Acquires Dev Site In Queens For $45M
39-2 Janet Pl, Flushing, NY 11354, USA
Building Size
—
Asset Type
Development Site
Closing
Dec 5, 2017
About this deal
AI
A development site located at 39-02 Janet Place in New York City's Queens market was recently sold for $45,000,000. The property, owned by Chris Xu, was purchased by Hengxing LLC, represented by Yuzhuo Yu.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $45,000,000
- Address: 39-02 Janet Place, New York
- Market: Queens
Yuzhuo Yu, representing Hengxing LLC, was the buyer of this development site. The seller, Chris Xu, successfully completed the sale of the property.
Traded’s record for 39-2 Janet Pl, Flushing, NY 11354, USA in New York, New York covers a development site sale from 2017. 39-2 Janet Pl, Flushing, NY 11354, USA is classified as Development Site on Traded. Named participants on the 39-2 Janet Pl, Flushing, NY 11354, USA sale are Chris Jiashu Xu. This page is the New York, New York file for the 39-2 Janet Pl, Flushing, NY 11354, USA 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 39-2 Janet Pl, Flushing, NY 11354, USA around 2017. Cite this Hengxing LLC Acquires Dev Site In Queens For $45M 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93