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111 Roosevelt Avenue, Queen...

Li Family Acquires Mixed-Use Property In Corona, Queens For $4.6M
SOLDMixed-use

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

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.

Players

Mo Ibrahim

Broker

$17.9M

vol

4 deals

Broker

Ruben Molina

Seller

$9.2M

vol

2 deals

Seller

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