Zhi Lin Acquires Mixed-Use Property In North Corona For $6.2M
108-59 Roosevelt Ave, Corona, NY 11368
$6,192,369
$505/SF
Building Size
12,240 SF
Asset Type
Mixed-use
Closing
Jun 23, 2022
About this deal
AI
108-59 & 108-69 Roosevelt Avenue in North Corona has been sold for $6,192,369 in a recent transaction. The mixed-use property consists of 12 units, with an average price per unit of $516,030. The total square footage of the property is 12,240, resulting in a price per square foot of $505.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,192,369
- Address: 108-59 & 108-69 Roosevelt Avenue
- Market: North Corona
- Units: 12
- Price per Unit: $516,030
- Total Square Footage: 12,240
- Price per Square Foot: $505
Zhi Lin is the buyer of the property, while John Po Sheng Hsu is the seller involved in the transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit John Po Sheng Hsu to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93