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43 East 52nd Street, New Yo...

Zhidong Wu Acquires Multi-Use Property In Woodside, Queens For $9.65M
SOLDMixed-use

Zhidong Wu Acquires Multi-Use Property In Woodside, Queens For $9.65M

43 East 52nd Street, New York City, New York 10022, United States

$9,650,000

$689/SF

Building Size

14,000 SF

Asset Type

Mixed-use

Closing

Dec 14, 2021

AI

The property located at 43-13, 43-15, and 43-21 52nd Street, as well as 4315 A 52nd Street, in Woodside, Queens, has been sold in a closed transaction. This multi-use asset is zoned as R7A and C2-3, with a lot size of 7,000 square feet. The property's dimensions are 70 feet by 100 feet. The previous sale of this property took place on November 16, 2015, for a price of $0. Most recently, on November 22, 2021, permits were issued for full demolition.

Summary of transaction details

  • Property Type: Multi-Use
  • Transaction Amount: $9,650,000
  • Building Square Footage: 28,000
  • Price Per Building Square Foot: $345
  • Lot Square Footage: 7,000
  • Last Sale Price: $0 (11/16/2015)
  • Permits: Full demolition (11/22/2021)
  • Lot Dimension: 70 ft x 100 ft

The buyer of this property is Zhidong Wu, representing themselves. The seller in this transaction is Roy W Pomerantz. The property was sold for a price of $9,650,000, with a price per square foot of $689. The property has a floor area ratio of 2.00 and falls under tax class 4.

Players

Zhidong Wu

ZD Jasper

Buyer

$92.2M

vol

4 deals

Buyer

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

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93