Chun Hua Xie Acquires Mixed-use Property In Queens For $3.9M
44-07 Queens Boulevard, Queens, New York 11104, United States
$3,900,000
$611/SF
Building Size
6,382 SF
Asset Type
Mixed-use
Closing
Feb 14, 2022
About this deal
AI
Located at 4407-4409 Queens Boulevard in Queens, this mixed-use property was recently sold. The transaction took place on February 15, 2022, and the property was purchased by Chun Hua Xie from the Ritsos Family. The deal was facilitated by brokers Matt Fotis, Lazarus Apostolidis, and Danzel Williams from Marcus & Millichap.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,900,000
- Square Footage: 6,382
- Price per Square Foot: $611
- Address: 4407-4409 Queens Boulevard
- Market: Queens
Chun Hua Xie successfully acquired this mixed-use property, showcasing their interest in real estate investments. The property offers a total area of 6,382 square feet, ensuring ample space for various purposes. With the purchase price of $3,900,000, the transaction reflects an average price per square foot of $611.
On the Map
$3,900,000
$611/SF
Mixed-use
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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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93