Lian Wu Shao, William Shao, And Nick Huang Acquire Mixed-Use Property On Main Street, Flushing, Queens For $11.5M
37-19 Main St, Flushing, NY 11354, USA
$11,500,000
$1,150/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Mar 22, 2020
About this deal
AI
Located at 37-19 Main Street in Flushing, Queens, this mixed-use property was recently sold for a total of $11,500,000. The transaction took place on March 23, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,500,000
- Square Footage: 10,000
- Price Per Square Foot: $1,150
- Address: 37-19 Main Street, Flushing, Queens
The seller of this property was Aron Forem, while the buyers were Lian Wu Shao, William Shao, and Nick Huang. The transaction was facilitated by the brokers Jasmine Huang and Barbie Li from The_Barbie_Li and Barbie_Li_NY_Broker.
On the Map
$11,500,000
$1,150/SF
Mixed-use
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Players
Queens 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93