Zhi Lin Acquires Mixed-Use Property In North Corona For $6.2M
SOLD
$6,192,369
New York
See Similar DealsMixed-use12,240 SF
Sold 06/24/2022
SOLD
Zhi Lin Acquires Mixed-Use Property In North Corona For $6.2M
108-59 Roosevelt Ave, Corona, NY 11368
See Similar DealsMixed-use12,240 SF
Sold 06/24/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$505
Total Square Footage:12,240 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,259.69
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,000.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,354.99
Annual Debt Service$352,259.86
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