Li Family Acquires Mixed-Use Property In Corona, Queens For $4.6M
SOLD
$4,600,000
New York
See Similar DealsMixed-use5,466 SF
Sold 04/14/2022
SOLD
Li Family Acquires Mixed-Use Property In Corona, Queens For $4.6M
111 Roosevelt Avenue, Queens, New York 11104, United States
See Similar DealsMixed-use5,466 SF
Sold 04/14/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$841
Total Square Footage:5,466 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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