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
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