Xiao Jie Ye Acquires Seven-Unit Residential Building In Corona, Queens For $3.1M

Xiao Jie Ye, represented by Ye On Roosevelt LLC, has acquired a seven-unit residential walkup building located at 108-50 Roosevelt Avenue in Corona, Queens. The property, consisting of 6,786 square feet, was sold by John Po Sheng Hsu's entity, 111 Roosevelt Development LLC, for a total price of $3.1 million. With a sale price per unit of $442,857 and a price per square foot of $457, this multifamily asset offers a great investment opportunity in the Corona market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,100,000
• Address: 108-50 Roosevelt Avenue, Corona, Queens
• Market: Corona, Queens
• Buyer: Xiao Jie Ye
• Seller: John Po Sheng Hsu
• Units: 7
• Price per unit: $442,857
• Square Feet: 6,786
• Price per square foot: $457

In this transaction, Xiao Jie Ye, represented by Ye On Roosevelt LLC, exhibited a strong interest in expanding their real estate portfolio by acquiring 108-50 Roosevelt Avenue. On the other side, John Po Sheng Hsu's entity, 111 Roosevelt Development LLC, made the decision to sell the seven-unit residential walkup building. This deal provides an insight into the individuals and companies involved in the transaction, highlighting their roles and aspirations in the real estate market.