Updated Dec 20, 2023
Xiao Bin Zheng Acquires Industrial Property In Richmond Hill For $3.8M
105-01 101st Street, Richmond Hill, NY, USA
$3,800,000
$359/SF
Building Size
10,576 SF
Asset Type
Industrial
Closing
Feb 25, 2021
About this deal
AI
Located in Richmond Hill, the industrial property at 105-01 101st Avenue was recently sold for a total price of $3,800,000. The property spans across 10,576 square feet, resulting in a price per square foot of $359.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Address: 105-01 101st Avenue, Richmond Hill
- Market: Richmond Hill
The buyer of the property is Xiao Bin Zheng, while the seller is Jack Bleier. Xiao Bin Zheng was represented by their broker, 's REP.
Players
Richmond Hill Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93