Jiangao Yu Acquires Mixed-use Property In Flushing For $3.7M
15007 Northern Boulevard, Flushing, NY 11354
$3,700,000
$570/SF
Building Size
6,481 SF
Asset Type
Mixed-use
Closing
Jul 30, 2020
About this deal
AI
A mixed-use property located at 150-07 Northern Blvd. in Flushing, NY has been sold in a recent transaction. The property encompasses an area of 6,481 square feet and was transacted at a price of $3,700,000. The asset boasts a desirable location in the Flushing market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,700,000
- Address: 150-07 Northern Blvd., Flushing
- Square Footage: 6,481
In this deal, the buyer was Jiangao Yu, while the seller was Tae H. Lee. The transaction was facilitated by brokers Barbie Li, Rita Ye, and David Kim. Barbie Li specializes in commercial sales and leases in Flushing, NY. In the bustling downtown area, Barbie Li has both on-market and off-market buildings and hotels available. Notably, Barbie Li recently leased over 20,000 square feet of space in Flushing. For more information about commercial properties in Flushing, interested parties can contact Barbie Li at 347-628-8818.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93