Min Yu Hu Acquires Mixed-Use Property In Corona, Queens For $1.5M
102-48 43rd Avenue, Flushing, NY 11368, USA
$1,500,000
$20/SF
Building Size
72,000 SF
Asset Type
Mixed-use
Closing
Sep 16, 2020
About this deal
AI
The mixed-use property located at 102-48 43rd Avenue in Corona, Queens has been sold for a price of $1,500,000. The property spans 7,200 square feet, resulting in a price per square foot of $208. This transaction took place on September 17, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Square Footage: 7,200
- Price per Square Foot: $208
- Address: 102-48 43rd Avenue, Corona, Queens
- Market: Corona, Queens
The buyer in this sale was Min Yu Hu, while the seller was Yolanda Bury. The broker representing the transaction was Matt Fotis from Marcus & Millichap.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93