Changu Lee & Kelcy Tae Lee Acquire Mixed-Use Building In Murray Hill, Queens For $3.75M
45 16 162nd St Flushing, Ny 11358, Usa
$3,750,000
$285/SF
Building Size
13,150 SF
Asset Type
Mixed-use
Closing
Aug 10, 2023
About this deal
AI
A mixed-use building located at 45-16 162nd Street in Murray Hill, Queens has been sold for a price of $3,750,000. The property spans 13,150 square feet and has a price per square foot of $285. The transaction took place on 08/10/2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,750,000
- Address: 45-16 162nd Street, Murray Hill, Queens
- Market: Murray Hill, Queens
- Buyer: Changu Lee & Kelcy Tae Lee
- Seller: Si Uk Chan estate - Jacqueline Holmes
Changu Lee and Kelcy Tae Lee, operating under the entity Northern Plains LLC, have acquired the mixed-use building at 45-16 162nd Street in Murray Hill, Queens. The seller of the property is the Si Uk Chan estate, represented by Jacqueline Holmes. The transaction was conducted through the entity Jchons, LLC. The purchase price for the property was almost $3.8 million.
Players
Street 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93