FSA Capital Acquires Mixed-Use Property In Flushing, Queens For $14.2M
36-51 College Point Boulevard, Queens, New York 11354, United States
$14,169,860
$544,994/SF
Building Size
26 SF
Asset Type
Mixed-use
Closing
Apr 17, 2023
About this deal
AI
The mixed-use property located at 36-51 College Point Boulevard & 133-17 37th Avenue in Flushing, Queens was recently sold for a total sale price of $14,169,860. The property has a building square footage (BSF) of 72,465, with a price per BSF (PPBSF) of $195. Additionally, it has a total square footage (SF) of 26,427, with a price per square foot (PPSF) of $536.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $14,169,860
- BSF: 72,465, PPBSF: $195
- SF: 26,427, PPSF: $536
The buyer of the property was FSA Capital represented by Brian Pun, while the seller was Wilson Ko. The deal was completed on 10/20/2022.
Players
Flushing 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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93