Xioajun Pan Acquires Hotel At 137-72 Northern Boulevard In Flushing For $14.5M

The asset involved in this transaction is a hotel located at 137-72 Northern Boulevard in Flushing. The property was sold for $14,500,000, encompassing a total square footage of 27,358, which translates to a price per square foot of approximately $530.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $14,500,000
• Address: 137-72 Northern Boulevard
• Market: Flushing
• Square Footage: 27,358
• Price Per Square Foot: $530
• Buyer: Xioajun Pan
• Seller: Chon Property
• Buyer's Representative: Steve Zhu - Compass
• Seller's Representatives: Elad Dror & Tony Park - PD Properties

Steve Zhu represents the buyer, while Elad Dror and Tony Park represent the seller in this transaction. Note regarding the seller’s representatives: @Pdpropertiesnyc is engaged with numerous hotel sellers and investors. Please inquire for more details.