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45 16 162nd St Flushing, Ny...

Updated Oct 29, 2024

Changu Lee & Kelcy Tae Lee Acquire Mixed-Use Building In Murray Hill, Queens For $3.75M
SOLDMixed-use

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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Deal FAQ

About $285 per square foot on a published $3.8M for 13,150 square feet (2023).

Browse Street mixed use sales on Traded.

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

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