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37-19 Main St, Flushing, NY...

Lian Wu Shao, William Shao, And Nick Huang Acquire Mixed-Use Property On Main Street, Flushing, Queens For $11.5M
SOLDMixed-use

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

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.

Players

Jasmine Huang

Broker

$15.3M

vol

2 deals

Broker
William Shao

William Shao

Buyer

$83.3M

vol

8 deals

Buyer

Aron Forem

Seller

$15.6M

vol

2 deals

Seller

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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93