facebook
Traded Co logo
Submit

Chun Hua Xie Acquires Mixed-use Property In Queens For $3.9M

Property Image
SOLD
$3,900,000
Danzel Williams
Lazarus Apostolidis
Matt Fotis

New York

See Similar Deals
Mixed-use6,382 SF
Sold 02/15/2022
the dealplayerscompscontact
Property Image
SOLD

Chun Hua Xie Acquires Mixed-use Property In Queens For $3.9M

44-07 Queens Boulevard, Queens, New York 11104, United States

See Similar Deals
Mixed-use6,382 SF
Sold 02/15/2022
Danzel Williams
Lazarus Apostolidis
Matt Fotis
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$611
Total Square Footage:6,382 SF
Transaction Type:Sale

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.

Players

Matt Fotis
Marcus & Millichap
Matt Fotis
111 deals$598M volume(212) 430-5234
BROKER
Lazarus Apostolidis
Marcus & Millichap
Lazarus Apostolidis
26 deals$119.7M volume
BROKER
Danzel Williams
Marcus & Millichap
Danzel Williams
7 deals$14.8M volume
BROKER

Details

SOLD
IMAGE: Matt Fotis, Lazarus Apostolidis & Danzel Williams DATE: 02/15/2022 ADDRESS: 4407-4409 Queens Boulevard MARKET: Queens ASSET TYPE: Mixed-use BUYER: Chun Hua Xie SELLER: Ritsos Family BROKERS: Matt Fotis (@FotisMatt), Lazarus Apostolidis & Danzel Williams - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $3,900,000 SF: 6,382 ~ PPSF: $611

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)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88