facebook
Traded Co logo
Submit

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

Property Image
SOLD
$9,650,000

New York

See Similar Deals
Mixed-use14,000 SF
Sold 12/15/2021
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Mixed-use14,000 SF
Sold 12/15/2021
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$689
Total Square Footage:14,000 SF
Transaction Type:Sale

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
4 deals$92.2M volume
BUYER

Details

SOLD
IMAGE: 12/15/2021 ADDRESS: 43-13, 43-15 & 43-21 52 Street & 4315 A 52 Street MARKET: Woodside, Queens ASSET TYPE: Multi Use ~ ZONING: R7A, C2-3 BUYER: Zhidong Wu SELLER: Roy W Pomerantz PRICE: $9,650,000 BSF: 28,000 ~ PPBSF: $345 SF: 14,000 ~ PPSF: $689 FAR: 2.00 TAX CLASS: 4 LOT SIZE: 7,000 LAST SALE PRICE: $0 (11/16/2015) PERMITS: Full demolition (11/22/2021) LOT DIMENSION: 70 ft x 100 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$514,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,284.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,745.92
Annual Debt Service$548,951.08