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Bankruptcy Sale Of Mixed-Use Portfolio In Flushing, Queens Sells For $29.2M

Property Image
SOLD
$29,225,000
Greg Corbin
Elliot Haft
+ 3

New York

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Bankruptcy Sale Of Mixed-Use Portfolio In Flushing, Queens Sells For $29.2M

41-09 Haight Street, Flushing, Queens County, NY, USA

See Similar Deals
Mixed-use75,000 SF
Sold
Greg Corbin
Elliot Haft
+ 3
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$389
Total Square Footage:75000 SF
Transaction Type:Sale

A mixed-use property located at 41-09 - 41-31 Haight Street in Flushing, Queens was recently sold in a bankruptcy sale. The property consists of 11 buildings, each comprised of 1 commercial unit and 4 residential units. With a total square footage of 75,000, the property offers up to 250 feet of frontage. The sale price for this transaction was $29,225,000, resulting in a price per square foot of $389.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $29,225,000
  • Date: 09/14/2020
  • Address: 41-09 - 41-31 Haight Street
  • Market: Flushing, Queens
  • Square Footage: 75,000
  • Price per Square Foot: $389

The deal was facilitated by the following brokers: Greg Corbin, Aaron Kline, Chaya Milworn, Brandon Serota, and Elliot Haft from The Corbin Group at Rosewood Realty Group NY, as well as Richard Maltz from Maltz Auctions. The buyer's identity was not disclosed.

Players

Aaron Kline
6 deals$79.3M volume
BROKER

Brandon Serota
Arrow Real Estate Advisors
14 deals$644.4M volume(646) 502-3467
BROKER

Chaya Milworn
Northgate Real Estate Group
33 deals$502.7M volume(212) 359-9936
BROKER

Elliot Haft
Rosewood Realty Group
2 deals$58.4M volume
BROKER

Richard Maltz
6 deals$115.8M volume
BROKER

Greg Corbin
Northgate Real Estate Group
81 deals$1.1B volume(212) 419-8101
BROKER

Details

SOLD
IMAGE: Greg Corbin & Richard Maltz DATE: 09/14/2020 ADDRESS: 41-09 - 41-31 Haight Street MARKET: Flushing, Queens ASSET TYPE: Mixed-use BROKERS: Greg Corbin, Aaron Kline, Chaya Milworn, Brandon Serota, Elliot Haft - @TheCorbinGroup @RosewoodRealtyGroupNY, Richard Maltz - @MaltzAuctions BUYER: 🤐 SALE PRICE: $29,225,000 SF: 75,000 ~ PPSF: $389 NOTE: Bankruptcy Sale of 11 Building Package. Each building is comprised of 1 Commercial & 4 Residential Units. Site offers up to 250 feet of frontage.

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Debt Service Coverage Ratio (DSCR)

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