Yanling Ni & Houjian Xu Acquire Mixed-Use Property In Downtown Flushing, Queens For $3.16M

A mixed-use property located at 132-44 41 Avenue in Downtown Flushing, Queens has been sold. The property, with a zoning classification of R6, offers a total of 5,023 square feet of building space (BSF) and has a price per buildable square foot (PPBSF) of $629. The total square footage (SF) of the property is 4,900, with a price per square foot (PPSF) of $645. The property's floor area ratio (FAR) is 2.37 and falls under tax class 2A. The lot size is 2,067 square feet, with dimensions of 20.67 ft x 100 ft. The previous sale of the property took place on June 6, 2013, with a sale price of $2,160,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,160,000
• Buyer: Yanling Ni & Houjian Xu
• Seller: Hongyu Wang

The buyer, Yanling Ni & Houjian Xu, acquired the property from the seller, Hongyu Wang, for a total transaction amount of $3,160,000. The deal was closed on November 10, 2021, in the market of Downtown Flushing, Queens. The property presents a lucrative investment opportunity with its attractive pricing per square foot and its mixed-use zoning classification.