Li Family Acquires Mixed-Use Property In Corona, Queens For $4.6M
111 Roosevelt Avenue, Queens, New York 11104, United States
$4,600,000
$841/SF
Building Size
5,466 SF
Asset Type
Mixed-use
Closing
Apr 13, 2022
About this deal
AI
A mixed-use property located at 111-01/03 Roosevelt Ave. in Corona, Queens has been sold for a total price of $4,600,000. The property spans over 5,466 square feet and has a price per square foot of $841. The transaction took place on 04/14/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,600,000
- Address: 111-01/03 Roosevelt Ave., Corona, Queens
- Market: Corona, Queens
- Square Footage: 5,466
- Price per Square Foot: $841
The buyer of this property is the Li Family, while the seller is Ruben Molina. The transaction was facilitated by Mo Ibrahim from Flair Realestate. Mo Ibrahim represented the buyer and seller in this deal.
On the Map
$4,600,000
$841/SF
Mixed-use
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Players
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93